By Will Yoder
March 07, 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.

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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.

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