NBC Sports: Manning, Colts to part ways - WRCBtv.com | Chattanooga News, Weather & Sports

NBC Sports: Manning, Colts to part ways

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INDIANAPOLIS (WRCB/AP) - Peyton Manning's run with the Indianapolis Colts has come to an end.

NBC Sports is one of several national media outlets reporting the franchise will hold a press conference on Wednesday to announce that the two sides are parting ways.

Manning and Colts owner Jim Irsay returned to Indianapolis together on a plane Tuesday night. Manning spoke briefly to a small group of reporters at the Indianapolis airport, but didn't address questions about his future with the Colts.

"We'll see y'all tomorrow," Manning said. "We're good. We'll talk tomorrow. We'll do it all right tomorrow."

Manning spent the entire 2011 season on the sidelines recovering from a neck injury, but was cleared to play last month.

He was due a $28 million dollar roster bonus on Thursday that would lock the Colts' into paying the remaining four years of his contract, making this week the deadline to make a decision on his future.

The team has until 4 p.m. ET Thursday to officially release him, at which time the former Tennessee star will become a free agent.

Sources told ESPN's Chris Mortenson that Manning plans to continue playing. He was filmed as recently as last week going through workouts at Duke University, and sources told ESPN his arm strength is rapidly improving.

Manning is the 1998 first round draft pick from the University of Tennessee. He is the only four-time MVP in NFL history and owns all of the Colts' career passing records. He led the franchise to eleven playoff appearances, winning two AFC championships and one Super Bowl.

Details are still developing. Stay with WRCBtv.com for the latest on this story.

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