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Report: Peyton Manning Out at Indy

AP:

INDIANAPOLIS (AP) – Peyton Manning forever will be thought of around these parts as No. 18, the quarterback who led the Indianapolis Colts to an NFL championship.

He’ll be remembered, too, for his record four MVP awards, his 50,000 yards passing and his 200 consecutive starts. Most of all, Manning will be the guy in the horseshoe helmet who turned around a franchise and transformed a basketball-loving city into a football hotbed that hosted the Super Bowl.

Despite all of that and barring a last-minute change of heart, the Colts planned to release the 35-year-old Manning rather than pay him a $28 million bonus. The Colts have scheduled a noon news conference Wednesday, saying only that Manning and owner Jim Irsay will be available.

A person with knowledge of the decision said the team was preparing to announce it will part ways with its QB, who missed all of last season after a series of operations on his neck.

The person spoke to The Associated Press on condition of anonymity Tuesday night because no official announcement had been made. Manning’s impending departure was first reported by ESPN earlier Tuesday.

The rest here.

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