Quarterback Peyton Manning’s 14-year career as a member of the Indianapolis Colts is coming to an end, according to ESPN.
Sources close to the team told ESPN’s Chris Mortensen that the announcement will come at a press conference in Indianapolis on Wednesday.
The decision to pass on the $28 million bonus owed Manning and not to pick up the four remaining years on his contract means Manning will become a free agent, and sources say that he intends to continue to play.
The Colts decided not to pick up Manning’s option because of concerns they had over his readiness to play in the NFL again.
By releasing Manning, the Colts will use the top overall pick on Stanford quarterback Andrew Luck in next month’s NFL Draft.