Will Yoder
Wednesday March 7th, 2012

The Indianapolis Colts will hold a press conference today at noon where they are expected to announce their decision to release four-time Most Valuable Player Peyton Manning, according to the NFL’s official Twitter account.

[tweet https://twitter.com/nfl/status/177384623507120129 align='center']

It was reported yesterday that the Colts had made a decision to cut the 14-year-veteran, meaning that Manning, widely considered to be one of the greatest quarterbacks of all time, will become a free-agent. There had been wide speculation over the past several months that the Indianapolis may release their one-time franchise star in order to avoid paying him a $28 million roster bonus he is owed entering this season.

Manning missed the entirety of 2011 after undergoing neck surgery prior to the season. Reports indicate that he is expected to play in 2012, however, and does not intend to retire. In 13 seasons with Indianapolis, Manning compiled 54,828 yards and 399 touchdowns. He was the number one overall pick by the Colts in 1998, and has been a four-time NFL MVP. In 2006, he led the Colts to a Super Bowl Championship, where he was named most valuable player.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.