Colts can’t pay and trade Peyton | ProFootballTalk
This article makes it seem like Peyton will either be released before his bonus is due or the Colts will keep him. The cap hit would be to high for the Colts to pay the bonus and then trade him. Peyton would have to rework the contract for the Colts to trade him. if Peyton is healthy and a free agent then the bidding would be insane.