HispanicBusiness

While a contract has yet to be signed, sources have told ESPN that Peyton Manning will be the next quarterback of the Denver Broncos, barring any last-minute snag.

Manning released on March 7 by the Indianapolis Colts, with whom he had played for his entire career and had led to many successes, including a Super Bowl victory (XLI). Many teams were interested in the 11-time Pro Bowl pick, but according to ESPN, Manning informed the Broncos of his intention to join the team today, and told the other front runners, the San Francisco 49ers and Tennessee Titans, that he intended to sign with the Broncos.

Current Denver QB Tim Tebow is reportedly going to be shopped for a trade once the Manning deal is finalized, according to ESPN. The sports news outlet also indicates that Manning is expected to sign a five-year contract approaching $100 million. The final negotiations may be less about dollar amounts and more about guaranteed money, deal structure, and performance clauses to protect Denver in case Manning is still hampered by his neck injury.