Colts Announce They're Releasing Peyton Manning

By: AP
By: AP

INDIANAPOLIS (AP) -- Colts owner Jim Irsay says the team is releasing quarterback Peyton Manning after a 14-year run that included one Super Bowl title and four MVP awards.

Irsay and Manning are appearing together Wednesday at a news conference at the Colts' team complex to announce the move.

The 35-year-old Manning will become a free agent, and there is expected be interest from a half-dozen or so NFL clubs, provided he's healthy. Manning is coming off a series of operations to his neck and missed all of last season.

Indianapolis needed to cut him this week to avoid paying him a $28 million bonus. The Colts are widely expected to begin moving on by taking Stanford quarterback Andrew Luck with the No. 1 overall pick in April's draft.

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  • by jed Location: Beaumont, TX on Mar 8, 2012 at 10:39 AM
    I think it would be beneficial for Peyton to come to Denver because it would allow Tim Tebow to get some quality QB mentoring and I believe that Manning prefers smaller market teams. He would be idolized here just as he was in Indy. Good for Manning and definitely good for Tebow.
    • reply
      by jed on Mar 8, 2012 at 10:51 AM in reply to jed
      on a side note, EVERY nfl owner is in the business to win championships, and to make money. Tebow puts butts in the seats but he will never bring a superbowl championship to Denver. Splurge and bring Peyton in for a year or two. You AUTOMATICALLY become a viable superbowl contender.
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