The Indianapolis Colts can decline to pay Peyton Manning's $28 million option bonus on Thursday and still have until Sunday to try and rework a new deal with the quarterback, says Jason LaCanfora of NFL.com.
According to the report, the non-exercise fee, which is also $28 million, is due two days before the new league year (i.e., the beginning of free agency) opens on Tuesday.
LaCanfora says that means the Colts, if they choose to, can use that extra time to negotiate a restructed deal with the quarterback who is trying to make his way back from neck surgery.
Follow me on Twitter @TitanInsider247 and @terrymc13
Terry McCormick covers the Titans for TitanInsider.com
Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.
NOV 20 Joel Corry
A detailed look at the eight candidates vying for that unique honor.
NOV 18 Dion Caputi
Cleveland quarterback Brian Hoyer has overcome long odds to put his team in contention for a playoff berth.
NOV 13 Joel Corry
10 players who are delivering big returns for their respective franchises.