Fans have already started a "Come Back, Peyton" campaign, with billboards and radio ads pushing for Manning to return to Tennessee, where he starred in college for the Vols.
The Titans drafted Jake Locker with the No. 8 pick last April and signed Matt Hasselbeck to a three-year deal last July, but they went 9-7. They have around $30 million in cap space they need to use on finding a pass rush.
While a happy homecoming would make for a nice story, general manager Ruston Webster has said twice in the past month — to season-ticket holders — and at the NFL combine that the team is happy with its quarterbacks.
Owner Dan Snyder always seems to be in play when it comes to signing big-name free agents, and the Redskins are in major need of a quarterback.
Mike Shanahan has whiffed on three (Donovan McNabb, Rex Grossman and John Beck) in his two years in Washington, and the Redskins are expected to pursue Manning if they can determine he's healthy. They have plenty of cap space, and the Redskins can lobby Manning by saying they'll use that room to be aggressive in free agency.
But that also could make them less appealing to Manning, since they're lacking at so many positions.
AP Sports Writers Bob Baum, Tim Booth, Mike Marot, Dave Skretta, Arnie Stapleton, Teresa M. Walker, Joseph White and Steven Wine contributed to this story.
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