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Peyton Manning Contract: Broncos, QB Reach 5-Year, $96 Million Deal, According To Report

Peyton Manning and the Denver Broncos have reached an agreement on a five-year, $96 million contract, and the team has scheduled a 1 p.m. MT press conference to make it all official, according to Adam Schefter of ESPN. The entire process has been incredibly public, so this comes as no surprise, but as the contract becomes official, Tim Tebow's time in Denver might be coming to an end.

The Broncos have already been fielding calls to trade Tebow, so there is still plenty of news to come. Could the Broncos look to add Manning's former teammates Dallas Clark, Jeff Saturday and Joseph Addai via free agency as their next move? There are plenty of angles to this story that will develop over the next few days, but the biggest news on Tuesday is that Peyton Manning is now officially a member of the Denver Broncos.

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