The Denver Broncos and Petyon Manning reached agreement on a five-year, $96 million contract on Tuesday, a league source told ESPN NFL Insider Adam Schefter.
Manning will be introduced as the Broncos’ new starting quarterback at a 3 p.m. ET news conference.
The Broncos now will attempt to trade quarterback Tim Tebow, sources told ESPN senior NFL analyst Chris Mortenesen and Schefter.
Full Story: Peyton Manning, Broncos OK deal