Manning threw his 500th career touchdown pass on Sunday, becoming just the second NFL quarterback to reach that number. Brett Favre holds the record with 508, and Manning currently sits at 503.
However, Dungy said the most important thing is winning, which is why he feels Brady is on top with three Super Bowl wins and five appearances compared to one Super Bowl win and three appearances by Manning.
"It's all about getting the Super Bowls and winning, and Tom's been to five of them," said Dungy. "And that's what you're looking for. But we'll see where it goes from here with Peyton Manning. John Elway didn't win any until his last two years ... your career is not over until it's over. Right now I'd say Brady's definitely in the lead."
Brady has been named NFL MVP twice, while Manning has won the award five times, most recently in 2013.
Dungy also said that he believes Manning's successor in Indianapolis, Andrew Luck, is going to throw 500 career touchdown passes if he stays healthy.
The Broncos are 3-1 and in second in the AFC West, while New England is 3-2 and second in the AFC East.
Dungy's full segment is below:
- Molly Geary