Arriving together in Indianapolis last night, Peyton Manning and team owner Jim Irsay tried to show this is an amicable parting of ways.
Team sources tell ESPN that after 14 seasons as the face of the Indianapolis Colts, Manning and Irsay will announce the quarterback's departure at a joint news conference later today.
Manning has been trying to fight back from a neck injury that sidelined him for all of last season.
The team is releasing the four-time MVP rather pay a $28 million bonus and pick up the four years left on his contract.
Colts fans reacted to the end of the Manning-era, saying its going to be strange seeing Peyton Manning in a different uniform.
Manning led the team to the playoffs eleven times, captured two AFC championships and won a Super Bowl.
Former Colts Vice Chairman had this to say about Manning's career in Indy: "What Peyton had done in Indianapolis probably will never be eclipsed. He ignited a fever for football in the state. Indiana was a basketball state before Peyton came there. It's a football state now."
Manning will become a free agent. And sources say the future hall-of-famer has every intention of suiting up again in the NFL, just not wearing that familiar dark blue horseshoe.