The ending that most anticipated between the Indianapolis Colts and Peyton Manning will arrive on Wednesday, according to league sources, when the team is expected to release the 4-time NFL MVP.
The team has made preliminary plans for the news conference Wednesday to officially announce the move.
The Colts are awaiting the final word from owner Jim Irsay, who has been out of town at meetings, but the expectation is they will go forward with the release and the press conference. Manning and Irsay will each travel from Florida to Indianapolis on Wednesday, possibly together, according to NFL Network’s Albert Breer.
The move has been widely expected, as the rebuilding Colts owe Manning, the 1st overall choose in the 1998 NFL Draft, a $ 28 million bonus if he is on the team’s roster at the start off of the league year. Manning will grow to be a totally free agent quickly.
As far back as late January, Manning, 35, stated he had no plans to retire after missing the whole 2011 season following four procedures to repair two vertebrae in his neck. His most recent surgery on Sept. 9, a cervical neck fusion procedure, was intended to repair a damaged nerve in Manning’s neck that induced weakness in his throwing arm.
Those close to Manning have maintained his desire to continue his career regardless of concerns that nerves in his arm had not been healing and were prohibiting his throwing. Manning has been throwing considering that December, and 4 sources with information of his rehab procedure recently told Breer that Manning has steadily regained strength in his grip and triceps.
To that end, Manning took portion in an aggressive throwing session at Duke University on Friday in which the quarterback was filmed throwing deep balls in a Colts jersey and helmet.
A video posted late Friday on YouTube was confirmed to be Manning throwing to receivers.
Irsay had publicly stated in February that the team would welcome Manning back, but only on a restructured contract that reflected the uncertainty of the quarterback’s recovery.
The Colts hold the No. 1 overall pick in the 2012 NFL Draft, and Irsay has stated the team would draft a quarterback no matter whether or not Manning was healthy.
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