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Peyton Manning signs new deal

Updated: May 17, 2013, 12:11 PM ET
ESPN.com news services

Denver Broncos quarterback Peyton Manning has signed a new contract, although the deal doesn't alter his compensation, Pro Football Talk reported Friday.

While the NFL's official transaction page discloses it as a "renegotiated contract," a source told Pro Football Talk that Manning still will be paid $40 million over the next two seasons in $20 million chunks.

The new deal, according to the report, adds a clause, which reflects that the team has purchased an insurance clause ...

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