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Source: Colts to cut Peyton Manning

Updated: March 7, 2012, 11:10 AM ET
By Chris Mortensen | ESPN

Peyton Manning's 14-year career with the Indianapolis Colts is coming to an end after owner Jim Irsay informed the four-time NFL MVP on Monday night that the team will release him, according to team sources.

Irsay and Manning traveled together Tuesday night from South Florida on Irsay's private jet and will conduct a joint news conference at noon ET on Wednesday, which sources said will be to announce the quarterback's departure.

The pair was spotted together in Irsay's car ...

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