Manning, Broncos Reach $96M Deal

Denver locks up Peyton for 5-year deal, press conference this afternoon
Posted Mar 20, 2012 10:29 AM CDT
Manning, Broncos Reach $96M Deal
In this Sept. 26, 2010 file photo, Indianapolis Colts QB Peyton Manning greets Denver Broncos quarterback Tim Tebow. Looks like Tebow will be looking for a new job.   (AP Photo/Greg Trott)

Peyton Manning has a new mile-high contract: The just-released Colts quarterback, who turns a semi-creaky 36 years old on Saturday, has inked a $96 million deal with the Denver Broncos that will keep him tied up until he's an even creakier 41-year-old, reports ESPN, citing inside sources. The Broncos have scheduled a 3pm ET press conference in which they'll announce the five-year deal, which will put a certain über-religious QB out of work. (More Peyton Manning stories.)

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