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AP Source: Manning to Broncos deal is done

By Arnie Stapleton

Associated Press

Published: Tuesday, March 20 2012 10:41 a.m. MDT

FILE - In this March 9, 2012 file photo, NFL football quarterback Peyton Manning, center, takes a tour with executive vice president of football operations for the Denver Broncos John Elway, left, and Broncos coach John Fox, rear right, at the Broncos' training facility in Englewood, Colo. ESPN is reporting that Manning is negotiating to join the Broncos. Citing anonymous sources Monday, March 19, 2012, ESPN said that the four-time MVP has instructed agent Tom Condon to negotiate to complete a deal with Denver.

The Denver Post, John Leyba) MAGS OUT; TV OUT; INTERNET OUT, Associated Press

DENVER — The big deal is done. Peyton Manning is a Denver Bronco.

A person familiar with negotiations says that Manning and the Broncos completed his five-year contract worth about $96 million on Tuesday morning.

The person spoke on condition of anonymity because Manning is to be introduced at a news conference at Broncos headquarters later.

The agreement ends a wild chase for perhaps the most valued free agent in the history of the NFL, a quarterback who has won an unprecedented four league MVP awards and took the Indianapolis Colts to a Super Bowl victory in 2007.

It also represents a huge coup for Broncos executive and Hall of Fame QB John Elway, and could spell the end of young quarterback Tim Tebow's career in Denver.

ESPN and the NFL Network first reported on the completion of the Manning deal.

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