ESPN INSIDERAccouting work: The Colts converted Peyton Manning's $10 million roster bonus into signing bonus and lowered his 2007 salary cap number from $16.53 million to $8.2 million. The Colts also did the same with the $3.9 million roster bonus of defensive end Robert Mathis. That lowered his cap number from $7.11 million to $3.99 million. The dual savings of those deals now gives the Colts $14.8 million of cap room. Before making those moves they were right at the cap.
Great news, Clayton called this awhile back, good to see they finally restructured his contract which you knew would be done sooner or later.