Peyton Manning or RGIII your choice

[Ruhskins]

Originally Posted by SmootSmack

I'm not totally sure about this, so I'm trying to find out (Canuck you out there?), but I'm not even sure the Colts can restructure his contract without releasing him.

Since Manning signed his new contract within this league year I'm pretty sure he has to wait until the league year is over before a new contract can be signed. But that might be a fine distinction between renegotiate and restructure

But if that is the case, then what are they going to do? Pay him the $28M bonus and then restructure? That wouldn't make sense. They'd be more likely to release him and then enter the fray with everyone else in trying to sign him

I think you are correct, the Colts cannot restructure the contract, they either have to pay him the 28 mil and restructure or release him.