Last week, the Denver Broncos and quarterback Peyton Manning agreed to a renegotiated contract with the primary intent on adding insurance language for the 2014 season. The new contract, which was originally reported by Mike Klis of The Denver Post, was initially believed to have no cash or salary cap implications, but that was not the case, a source with knowledge of the contract details confirmed to "Shutdown Corner".
Under the new terms of the contract, Manning will still earn the $40 million in guaranteed money over the next two seasons, but the payouts of those amounts has been tweaked.
Instead of earning $20 million in fully guaranteed base salaries in 2013 and 2014, Manning received a $10 million salary advance and his base salaries in 2013 and 2014 have been lowered to $15 million in each season. The $10 million salary advance is treated like a signing bonus and will be prorated over the next four seasons, reducing Manning's cap number from $20 million to $17.5 million in both 2013 and 2014.
However, the downside to the cap savings the next two seasons is that Manning's cap number will increase by $2.5 million, going from $19 million to $21.5 million, in both 2015 and 2016 as the Broncos will have veered, slightly, from the "pay as you go" approach they had been taking with the 37-year-old quarterback.
With $2.5 million in additional cap space from the Manning renegotiation, the Broncos are now $9.9 million under their 2013 adjusted cap number of $139.76 million. That leaves plenty of room to land defensive back Charles Woodson, whose other suitors — the Oakland Raiders and Detroit Lions — each have less than $3 million in 2013 cap space remaining.
New York Jets running back Mike Goodson was arrested on drug and weapons charges early on Friday morning, reports News 12 in New Jersey.
According to the report, Goodson and another man, identified as Garrett Evans, were found intoxicated in a parked SUV along Route 80 in Denville, New Jersey, which is about 15 miles northwest of the Jets' headquarters in Florham Park. A loaded .45-caliber handgun was found in the SUV and when the 25-year-old running back was transported to a hospital for evaluation, marijuana was discovered in his possession.
Both Goodson and Evans were released from the hospital and into the custody of State Police who transported the two men to the unit's Netcong's barracks. Mike Garafolo of the USA Today reports that Goodson was the passenger in the vehicle and that Evans has been charged with a DUI.
Goodson played his college ball at Texas A&M and was selected in the fourth-round of the 2009 NFL draft by the Carolina Panthers. Goodson spent three seasons with the Panthers before he was traded to the Oakland Raiders last offseason. In 40 career games, Goodson has rushed for 722 yards and three touchdowns with 59 receptions for 524 yards and one touchdown as a receiver out of the backfield.
The Jets signed Goodson to a three-year, $6 million contract on March 15 to compete for a starting job this season. Goodson's deal with the Jets included a $1 million signing bonus, which was the only portion of the contract that was guaranteed.
Get to know one of the newest undrafted free agent signees for the Raiders - Mitchell White, DB, Michigan State.
Since the idea that Charles Woodson might return to the Raiders was first introduced, the excitement has been growing. Now the movement to woo him to come back has become organized.
I got on a conference call today with Raiders new punter Chris Kluwe who spoke of focusing on making this Raiders roster.
The Raiders have confirmed the signing of free agent punter Chris Kluwe. In a corresponding move, they cut undrafted free agent punter, Bobby Cowan.
Current NY Jets running back and former Raider Mike Goodson has been arrested on gun charges and possesion of marijuana. A casualty of scrapping the zone blocking scheme in Oakland Goodson was in a great position in New York, but sadly not any more.
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