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Irsay: Talking regularly with Manning about staying with team.
I can't post the link, because of work restrictions but.....
According to Michael Lombardi
So that's saying $9mil of the bonus wouldn't be a cap hit? So it really comes down to whether or not Irsay wants to spend the money in order to keep him, not the cap hit.
The major problem is that the signing bonus affects the next 4 years which means he is untradeable. The dead money will count against the cap regardless of his health for the next 4 years and thats the trick. His base salary is only around 7-10 million but his signing and bonus money is around 10 million a year and all of that is spread out over the length of the contract.