Reports: Indianapolis Colts, Peyton Manning to Part Ways

Peyton Manning will play in the NFL next season.

Just not for the Indianapolis Colts.

According to ESPN NFL Insider Chris Mortensen, the Colts and Manning have agreed to mutually part ways after 14 seasons.  Not really a surprise to many, considering Manning was due a $28 million roster bonus Thursday. 

The official announcement will come at a press conference Wednesday with Manning and owner Jim Irsay in attendance. 

Manning will continue to play after healing from four different neck surgeries, but will become a free agent and rumors have been swirling of where he could land for 2012.  

In his career with the Colts, Manning is the franchise's career leader in every statistical category.  He led the Colts to the playoffs 11 times, winning the AFC East in 1999 and the AFC South division title seven times, winning the AFC Championship twice and a victory in Super Bowl XLI over Chicago winning the game's Most Valuable Player award.  He is also the league leader in MVP awards, winning it four times. 

The Colts took Manning with the first overall pick in the 1998 draft out of the University of Tennessee

Indianapolis currently holds the first pick in the draft starting April 26.  It is all but certain that they will take Stanford quarterback Andrew Luck. 

Manning had started every game since he was a rookie, throwing an NFL record for interceptions by a rookie in a season (28) and until Cam Newton last season held the record for most passing yards by a rookie quarterback.