Adam Schefter of ESPN is reporting that the Denver Broncos and Peyton Manning have reached a final agreement to terms on a five-year, $96 million contract.
The team is expected to officially announce the deal today in a press conference at 3 p.m. EST.
Over the course of his career, Manning has compiled 54,828 passing 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.