Peyton Manning, Colts to Part Ways
Big announcement planned for tomorrow: ESPN
By Kate Seamons, Newser Staff
Posted Mar 6, 2012 7:11 PM CST
In this Jan. 16, 2010, photo, Indianapolis Colts quarterback Peyton Manning waves as he walks off the field after the NFL divisional football playoff game against the Baltimore Ravens in Indianapolis.   (AP Photo/Darron Cummings, File)

(Newser) – Big, long-expected news out of Indianapolis: ESPN reports that Peyton Manning and the Colts will announce at a news conference tomorrow that the football star and team are parting ways after 14 years. Manning is owed a $28 million roster bonus on Thursday; but the Colts hold the top draft pick, and, as AP notes, they apparently concluded it was too risky and pricey to pick up the four years left on his contract. That means Manning will become a free agent, and sources say he plans to keep playing.

The Colts have until 4pm ET on Thursday to officially release him, at which time he can immediately sign up with another team. Manning got the medical OK to resume his career, after sitting out all of the 2011 season following his third neck surgery in September. ESPN notes that Manning has been spotted at Duke University over the last week, where he has apparently been participating in aggressive throwing sessions.

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Showing 2 of 2 comments
cheongyei
Mar 7, 2012 1:50 AM CST
I look forward to Peyton finding a team that can benefit from his skills and take that team into the playoffs. I wish him the best. Despite his medical challenges, he is still a better QB than 2/3 of the quarterbacks in the NFL.
oldgoat
Mar 6, 2012 9:24 PM CST
Certainly can't blame the Colts. He is damaged goods and even if, and that is fairly big if, he comes back whole who can say that he won't get hurt again soon anyway. That is a awful lot of money for a fairly long time to be locked into. Was hoping that he would be offered a QB coaching job and maybe he was. Still think he should walk away while he is still able.