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Peyton Manning signs reduced Denver Broncos deal

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Peyton Manning confirms that he will return to the Denver Broncos next season after signing a new deal.

Denver Broncos quarterback Peyton Manning will return to the franchise next season after agreeing to a new reduced deal.

The Broncos made the announcement on Thursday, confirming that the veteran signal-caller has taken a salary reduction and passed a medical.

"I've been working real hard and I'm excited to be back with the Denver Broncos," Manning told the Denver Post.

"Can't wait for April 13 to get here when the team can finally come together. I'm excited to get to work and get to know the new coaches and looking forward to trying to make 2015 a special year."

Broncos executive vice-president of football operations and general manager John Elway revealed that the organisation was "glad to work something out" with the five-time MVP.

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John Elway, executive vice president of football operations of the Denver Broncos watches the team warm up before the start of the Broncos game against the Baltimore Ravens at M&T Bank Stadium on December 16, 2012
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