RSS

Report: Colts will part ways with Manning

Team will not pay $28 million option bonus. Terry McCormick

Print This March 06, 2012, 06:08 PM EST

Peyton Manning's time with the Indianapolis Colts will end officially on Wednesday, according to a report from ESPN.com.

The report indicated that a press conference is scheduled for Wednesday and that both Manning and Colts owner Jim Irsay will be in attendance. Manning's roster bonusof $28 million is due on Thursday.

If Manning's time is over in Indy, then it ends a 14-year run that marks one of the longest sustained eras of consistent success in franchise and NFL history. Until Manning missed all of 2011 with a neck injury, the Colts had won at least 10 games every year since Manning's second season in the league in 1999.

The move will open up a bidding war for Manning, provided he is healthy enough to play as he seeks to regain strength in his throwing arm. It also throws the Colts into their anticipated rebuilding phase which will center around Stanford quarterback Andrew Luck, the projected No. 1 overall pick.

Follow me on Twitter @TitanInsider247 and @terrymc13

Terry McCormick covers the Titans for TitanInsider.com

NFP's Introduction to Scouting Class is now registering for the Fall session! Save $200 if you enroll before July 31st. REGISTER NOW!

Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.

NFP Inside Content. All Season.