The Facts: Following up on the ongoing story. ... According to ESPN's Chris Mortensen and Jeff Legwold, Manning and Broncos are near agreement on new contract for the 2015 season in which he will take $4 million pay-cut.
Diehards Line:Manning is currently due $19 million next season and recent reporting suggested the two sides were working on a restructured deal. As previously noted, such a restructuring would leave the team better situated to re-sign soon-to-be free agents Demaryius Thomas and Julius Thomas. ... An updated and more detailed version of this story is available now.