AC

Peyton Manning and the Denver Broncos have agreed on a new contract for the 2015 season in which the five-time NFL MVP will take a $4 million pay cut to provide more cash for the team to do business on the free-agent market, which opens with the new league year Tuesday. Manning will make $15 million in base salary in 2015, league and team sources said, down from the $19 million he was scheduled to earn. All that remains is for Manning to pass a physical exam, which he is expected to take within 24 hours, sources said. After that, he will sign the contract. The contract includes incentives that could take it back to $19 million -- $2 million for winning the AFC Championship Game and $2 million for winning the Super Bowl. When the deal is finalized and signed, it will be Manning's 18th year in the NFL since the Indianapolis Colts selected him as the first pick in the 1998 NFL draft. He missed the 2011 season with a neck injury. Manning informed Broncos general...