Peyton Manning is expected to be released on Wednesday once the team officially declines to pay him his $28 million roster bonus that was included as part of a $90 million deal he signed last offseason. This is expected to set off a furious courting ritual for a number of teams in the league. Just don't expect the Denver Broncos to be one of those teams, according to the Denver Post's Mike Klis.
Obviously, we don't know that they won't bid, but why wouldn't John Elway be interested. Manning would certainly be a quarterback that Elway, John Fox and Brian Xanders would like: Manning is a proven quarterback who has the leadership skills and physical characteristics of a prototypical quarterback. But the injury risk combined with the presence of Tim Tebow would make it a rather difficult situation to spin.
We should also acknowledge that Manning is likely to bring either Reggie Wayne or Pierre Garcon with him wherever he signs. The Broncos certainly have the cap space to bring in Manning and one of his receivers, but the potential for bad contracts to hang on the books makes that a risky move.
So, as Klis writes, Manning's free agency process will determine where other quarterbacks sign, including the Broncos' future backup for Tebow. And then Mike Shanahan's Washington Redskins or the Miami Dolphins or half a dozen other teams can roll the dice on Manning.