Manning contract has out clause for Colts
According to Mike Lombardi of NFL Network, Peyton Manning's recently signed contract has an out clause that can be exercised by the Indianapolis Colts in the event Manning does not make it back from neck surgery to play football again.
Manning signed a five-year, $90 million deal at the end of July, but if he never plays again after undergoing a third neck fusion procedure, the Colts would pay Manning $26 million this year, and there are two separate clauses for $28 million for next year - one for the Colts exercising Manning's option bonus and another for declining it.
However, a source indicated to Lombardi that there is a small window for the Colts to decide they will not play either option bonus clause.
Terry McCormick covers the Titans for TitanInsider.com