Zippyjuan
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Peyton: Take your time on the retirement decision (but try to let us know by March 9th!) His contract runs one more year. http://espn.go.com/nfl/story/_/id/1...-give-peyton-manning-make-retirement-decision
"We're going to enjoy this, let Peyton enjoy this,'' Elway said. "I'm sure he'll sit down with his family. Eventually we'll talk to him too and go through that. There's no timeline for that right now.''
There is a deadline of sorts waiting next month.
Manning has one year remaining on the original contract he signed in 2012. The $19 million base salary becomes guaranteed on March 9, and the deal counts $21.5 million against the salary cap. That means the Broncos would certainly like to know before that date, since their available cap space is greatly impacted by what happens.
This past season, the Broncos and Manning worked out a $4 million pay cut for the quarterback, but they left the 2016 part of the contract alone. Manning made the $4 million back with $2 million bonuses each for wins in the AFC Championship Game and the Super Bowl.
"Important thing is, it's going to be his decision,'' Elway said. "Where we get a chance to sit down and talk to him, that's up to Peyton, where he is in that process, what he thinks he can ... what he wants to do from here on out.''