Posted on 07 March 2012.
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 initial general pick in the 1998 NFL Draft, a $ 28 million bonus if he is on the team’s roster at the commence of the league year. Manning will turn into a free agent right away.
As far back as late January, Manning, 35, stated he had no plans to retire following 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 triggered weakness in his throwing arm.
Those close to Manning have maintained his desire to continue his career in spite of issues that nerves in his arm had not been healing and were prohibiting his throwing. Manning has been throwing given that December, and four sources with expertise of his rehab approach 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 mentioned the team would draft a quarterback regardless of whether or not Manning was healthy.
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