Peyton has gone on record saying he doesn’t necessarily need money up front, and he would be willing to take more of an incentive-based contract to make himself more appealing to teams who may be cautious coming off his surgeries.
Teams will likely gamble and offer him a significant amount of money, so there’s really no telling what type of figure he is in for until a deal is in place.
Thursday, New York Giants quarterback Eli Manning decided he would restructure his contract in order to provide the team with more cap room to makes moves during the offseason.
Ralph Vacchiano of the New York Daily News reports that Manning lowered his base salary for 2012 from $10.75 million to $1.75 million to create almost $7 million in cap space.
His cap number for the 2012 season will now be $9.6 million, down from $16.35 million.
With how the exclusive franchise tag is structured, the franchise tag amount Brees would receive if he did end up signing could be significantly declining because of the Manning’s.
It could turn out negatively because if a long-term deal is not complete by the July 16th deadline, Brees would have to either sign the tag or he could opt to hold out.
Obviously a hold out is not in the best interest for either side.