Peyton Manning Rumors: Broncos Reportedly Win Peyton Manning Sweepstakes

Nick DavisContributor IIIMarch 19, 2012

INDIANAPOLIS, IN - MARCH 07:  Peyton Manning attends a press conference announcing Manning's release from the Colts at Indiana Farm Bureau Football Center on March 7, 2012 in Indianapolis, Indiana.  (Photo by Joey Foley/Getty Images)
Joey Foley/Getty Images

According to sources, Peyton Manning has informed teams that he will be signing with the Denver Broncos. Chris Mortensen and Adam Schefter said that barring major contract issues, Peyton will be a Denver Bronco. The Broncos had discussed a contract with the parameters of approximately five-years, and $90-95 million. 

It is unknown when Tim Tebow will be traded, though many believe that Jacksonville and Miami are both contenders.

It appeared that the San Francisco 49ers had become a dark horse in acquiring Peyton Manning with the signings of free-agent wide receivers Randy Moss and Mario Manningham. They will now look to Alex Smith, who recently met with the Miami Dolphins