Colts to release Peyton Manning

The Peyton Manning era in Indianapolis will end Wednesday.

USA TODAY’s Jim Corbett confirmed that the quarterback will be released by the Colts after speaking with Manning’s brother, Cooper.

“Peyton and I talked today and had a good chat,” the eldest Manning brother said by phone from his home in New Orleans. “He’s going through kind of an emotional time right now. Until it was over, he was a Colt through and through.”

The Colts will release the four-time NFL MVP, opting not to pick up his $28 million roster bonus and leaving him free to sign with any team. The team will announce the move Wednesday in a press conference attended by team owner Jim Irsay and Manning, according to ESPN’s Chris Mortensen.

Manning, who turns 36 years old in two weeks, still wants to play football after sitting out the 2011 season following multiple neck surgeries. He watched from the sidelines as the Colts finished 2-14, securing the No. 1 pick, which they are likely to use on former Stanford quarterback Andrew Luck.

Copyright 2012 USATODAY.com

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