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Colts Release Mannng!

Wednesday, March 7th, 2012 -- 11:10 AM

Indianapolis Colts owner Jim Irsay announced today that his team will release quarterback Peyton Manning, making the four-time MVP perhaps the most-coveted free agent in NFL history, if he's healthy enough to play in 2012.

Manning was in attendance at the news conference to announce the end of the quarterback's 14-year tenure in Indianapolis. Manning will officially become a free agent once the Colts submit his release to the NFL, the league processes it and places his name on the waiver wire. That could happen as soon as this afternoon.

Free agency begins next Tuesday, but Manning can sign with another NFL team immediately after the Colts formally release him. The Arizona Cardinals, Miami Dolphins, Tennessee Titans, Washington Redskins, Seattle Seahawks, Kansas City Chiefs and New York Jets all have been rumored as possible destinations for Manning.

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