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Broncos set to announce Manning as new quarterback

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All that's needed is Peyton Manning's autograph.

The Denver Broncos have scheduled a 3 p.m. news conference for Tuesday afternoon, ostensibly to introduce the four-time MVP. There was no announcement that a deal was finally completed, but the last details were expected to be a formality.

After being pursued by teams around the NFL, the quarterback with four MVP awards is headed to the land of John Elway and Tim Tebow, agreeing to a contract with Denver that could make the Broncos an instant Super Bowl contender. It could also send one of the NFL's most intriguing young players packing.

So much for Tebowmania.

Manning called Elway on Monday and told the Broncos executive that he had chosen Denver over the Tennessee Titans and San Francisco 49ers in the wildest free-agent chase of the offseason.

The Broncos and Manning's agent then hashed out details of a deal that's expected to be worth about $96 million over five years.

Manning was wooed to Denver by Elway, the Hall of Fame quarterback who led the Broncos to two Super Bowl titles in the late 1990s and now serves as their vice president of football operations. Elway never sounded all that convinced Tebow was the answer at the league's most important position, and could trade the hugely popular quarterback who energized the Broncos in a run to the playoffs last season but was plagued by erratic play.

Manning turns 36 on Saturday and missed the 2011 season because of multiple neck operations, which made him expendable to the rebuilding Indianapolis Colts. They cut him March 7 rather than pay a $28 million bonus.

But Manning's success in the past made him a prize that teams from San Francisco to Miami felt they couldn't pass up.

"There's a lot to be excited about," Broncos defensive end Robert Ayers said outside the team's complex. "Just being on his team is going to make you want to play better."

By luring Manning to Denver, Elway has delivered his biggest victory for the Broncos since he led them to their second straight Super Bowl title in 1999. He retired shortly after that 34-19 win over Atlanta and the Broncos have won just two playoff games since.

Manning won the NFL championship in 2007. No starting quarterback has earned a Super Bowl ring for two different teams,. But when Manning when he arrives at the Broncos' headquarters to sign his new deal, he at least can see the two Lombardi Trophies in the lobby that Elway won when he was 37 and 38.

Elway returned to the Broncos last year after the franchise hit rock bottom amid scandal — the team was caught videotaping a 49ers practice — and a four-win season that cost coach Josh McDaniels his job. It was McDaniels who drafted Tebow with the 25th pick of the 2010 draft.

The big question now facing Elway is what to do about Tebow, who has three years left on his contract.

Tebow took over a 1-4 team from Kyle Orton last year and led the Broncos to an 8-8 finish and the AFC West crown with a series of stirring comebacks that captured the attention of the NFL and beyond.

Tebowmania reached its apex in the playoffs, when he threw an 80-yard touchdown pass to Demaryius Thomas on the very first play of overtime to beat the Pittsburgh Steelers. The next week, though, Tebow was smothered by the New England Patriots, who routed the Broncos, 45-10.

Afterward, Elway declared Tebow was the Broncos' starting quarterback heading into training camp this summer but said the left-hander would have to improve his flawed mechanics and footwork to win the job heading into the season.

He also said he'd spent time tutoring Tebow himself and would add more quarterback competition through the draft and free agency.

Several Broncos predicted the free agency floodgates will swing wide open once Manning officially joins the team.

"I think we'll sign some guys, probably a few guys, like Dallas Clark, Jeff Saturday, guys waiting to see what Peyton was going to do," Ayers said. "Defensive guys want to play with a lead, and I'm pretty sure guys are going to assume Peyton will put up points in this offense, we have some weapons."

With Manning joining the Broncos, oddsmakers in Las Vegas immediately made Denver one of the top choices to win the Super Bowl next season, which will be played in Manning's hometown of New Orleans.

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  • Go, Broncos! (from a FORMER Colts fan)
    Jim Irsay is a liar, and I have lost all respect for him. I've been a very devoted fan of the Colts since they moved to Indy, even through the bad years before Peyton, partly because the management and players, with a few exceptions, earned our loyalty and respect both on and off the field. But I cannot continue to support a team whose management has so little respect for the team's fans that it lies outright to us so easily and makes decisions like it has, such as releasing quality players like Peyton, Dallas, etc. (the list goes on and on). Irsay said so long as Peyton plays football, it would be in a Colts uniform. LIE! He could have made that happen, but he choose otherwise (probably following the advice of the new GM, who is getting off scot free but I believe bears much of the responsibility for the unwise and callous decisions that are being made recently). Even in the press conference with Peyton, in one breath, Irsay said it's not about money, and in the next, he talked about the salary cap. LIE! If that $28 million bonus was not there, we all know the Colts would have kept Peyton. If Andrew Luck is such a great prospect, he could only have gotten better by having the opportunity to learn the NFL game from the best quarterback who every played it, and the Colts could have found a way to make it work if they wanted to. Peyton, on the other hand, is a real class act, and Indy will miss him greatly! Although I have not been a John Elway fan in the past, I do respect his obviously excellent football judgment evidenced by pursuing and now signing Peyton. With Peyton (and possibly Dallas Clark and Jeff Saturday and other former Colts) becoming a Bronco, I look forward to having a new team to follow and cheer on to victory. Good luck, Peyton! Here's wishing you and the Broncos a Super Bowl victory in the very near future! As for the Colts, I doubt if they'll win more than four games next season, and I really don't care anymore since I don't plan to be watching them anyway. Yes, I know it's only a game and there are important events and issues in the world, but part of being a well-rounded individual is having free time pursuits that one can be passionate about. I loved the Colts and have spent many enjoyable hours of my precious free time following the team, but Irsay has spoiled it for me. It's a shame and I regret it, but I just can't find it in my heart to continue following a team that bears so little resemblance to the Colts I have so enjoyed watching!

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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