INDIANAPOLIS (AP) -- There's apparently going to be a changing of the guard in Indianapolis where the Colts reportedly are set to cut ties with their legendary, four-time NFL MVP quarterback Peyton Manning.
ESPN is reporting the Colts plan to hold a news conference Wednesday to announce the long-expected decision. Manning is likely to attend. A Colts spokesman said he could not confirm the report.
Manning turns 36 later this month, and missed the entire 2011 season after a third neck surgery. Before that, he'd never missed a game in his 13 NFL seasons. He's owed a $28 million roster bonus on Thursday
The Colts hold the top draft pick, and they apparently have decided it was too risky and pricey to keep the four-time league MVP. The Colts are widely believed to be eyeing Stanford quarterback Andrew Luck with the No. 1 pick.
Manning led the Colts to the 2006 NFL title, and in 2009 he brought the Colts to the cusp of history with a 14-0 start. But it's been bad news since. He's had three neck operations since to repair a damaged nerve that was causing weakness in his throwing arm.