Peyton Manning will announce his retirement from the NFL on Monday, the Denver Broncos confirmed Sunday.
"Peyton’s competitiveness, intensity and leadership helped us to one of the most successful periods in our history, highlighted by four consecutive division titles, two AFC Championship victories and a win in Super Bowl 50," Joe Ellis, the Broncos' president and CEO, said in a statement.
The announcment will be made at the UCHealth Training Center in Denver during a 1 p.m. EST news conference on Monday.
ESPN's Chris Mortensen first reported on Manning's retirement early Sunday.
The five-time MVP, who turns 40 in a couple of weeks, has been pondering his future since hoisting his second Super Bowl trophy last month after Denver's defense carried the Broncos to a 24-10 victory over the Carolina Panthers.
Manning said after the Super Bowl that he needed time to reflect, stressing: "I think I'll make a good decision and I think I'll be at peace with it whichever way it goes."
Earlier in the week, the AP reported that whether Manning decided to retire or not, the the Broncos would "almost certainly release the iconic quarterback." The team needs Manning's $19 million salary — which becomes fully guaranteed on Wednesday — in 2016 to address a host of other off-season needs, chief among them: paying his replacement.
Though general manager John Elway had insisted he would give Manning all the time he needed to make up his mind, many had speculated he would need an answer by Tuesday afternoon at the latest before the start of the league's new year on March 9.
The Broncos asked him to take a pay cut last season after he threw 39 TD passes in 2014, and they settled on a $4 million reduction — although Manning earned it all back in bonuses by winning the Super Bowl.
Hampered by a torn ligament in his left foot, Manning endured the worst statistical season of his career in 2015, one that included just nine touchdown throws and 17 interceptions in nine starts. He completed just 13 passes for 141 yards in the Super Bowl. But thanks to a defense led by game MVP Von Miller, he became the oldest quarterback to win a championship and the only starting QB to win Super Bowls with two franchises.
His first came in 2007 with the Colts, who drafted him No. 1 overall in 1998. The Colts gave up on him after a series of neck surgeries forced him to miss all the 2011 season and threatened to cut short his career.
Colts' owner and CEO Jim Irsay called Manning a "tremendous ambassador for the game and the epitome of someone who gives back to the community," adding that the he'll miss seeing #18 on the field on Sundays.
"I am proud and thankful for all he’s done for the Colts, our community, and the NFL. On behalf of Colts and NFL fans worldwide, I thank Peyton and congratulate him on an incredible career,” Irsay said in a statement.
Manning resettled in Denver, where he went 50-15, won his fifth MVP award and reached two more Super Bowls.
New England Patriots quarterback Tom Brady applauded Manning on his legacy in a Facebook post, writing: "Congratulations Peyton, on an incredible career. You changed the game forever and made everyone around you better. It's been an honor."
Football fans quickly took to Twitter to praise Manning and his legacy:
The Associated Press contributed to this report.
Photo Credit: Getty Images
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