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Report: Peyton Manning chooses Denver Broncos

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Peyton Manning is on his way to becoming the new starting quarterback of the Denver Broncos, according to a report by ESPN’s Chris Mortensen and Adam Schefter.

Citing multiple sources, the report today says Manning has instructed his agent, Tom Condon, to intensify contract negotiations with the Broncos. If a deal is completed, ESPN is reporting, the Broncos will try to trade quarterback Tim Tebow, who led the team to a playoff victory last season.

The report calls a contract between Manning and the Broncos a “formality” at this point, saying the former Indianapolis Colts quarterback and the Broncos’ vice president of football operations, John Elway, already discussed a five-year, $95-million deal during a March 9 meeting in Denver and that Elway told Manning he was ready to finalize a contract “fair to both sides” during a workout in Durham, N.C., on March 16

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The contract is expected to include language to protect the team in case Manning can’t perform due to his prior neck surgeries, but the quarterback has already passed a physical administered by Broncos doctors.

Barring any unforeseen setbacks, the deal between Manning and the Broncos will end a frantic couple of weeks that saw numerous teams vying for the services of the four-time league MVP.

More later at www.latimes.com/sports.

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Report: Peyton Manning chooses Denver Broncos

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