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Peyton Manning Odds to be a Member of the Indianapolis Colts

by Bovada Sportsbook

Peyton Manning Odds to be a Member of the Indianapolis Colts

Arguably there is no more important day in this NFL offseason than Thursday because that’s the day the Indianapolis Colts have until to pick up the remaining four years on quarterback Peyton Manning's five-year, $90 million contract, which includes an option bonus of $28 million. If the Colts release Manning by 4 p.m. ET that day, they owe him nothing.

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It’s still possible that the sides could agree to push the deadline back, although Manning has sent signals he isn’t really willing to do that. He also has said he would be willing to rework his contract to cover the Colts if Manning can’t return to the NFL this season. Of course the future Hall of Famer missed all of the 2011 season after yet another neck surgery. Manning has been rehabbing diligently and a recent home video showed him looking in good form at a workout at Duke under his college QBs coach, Blue Devils head coach David Cutcliffe. Because of the new CBA, no Colts coaches or officials can monitor Manning’s workouts right now. reports if the Colts choose not to give Manning the $28 million roster bonus he's due in his current contract, they don't have to cut him until Friday, and negotiations on a new deal could continue until then. The least they have to do before Friday is tell Manning on Thursday he won't be getting that bonus.

Bovada offers an NFL player prop on whether Manning will be a member of the Colts on March 12. No is the huge -500 favorite with yes at +300. It seems unlikely the Colts would keep as him they will be drafting Stanford’s Andrew Luck at No. 1 overall in next month’s draft and probably would want Luck to start from Day 1. Certainly Manning would have his suitors as a free agent. The two leading contenders are considered to be the Washington Redskins and Miami Dolphins if neither can trade up in the draft to land Baylor’s Robert Griffin III, who is expected to go at No. 2 overall – a spot currently held by the Rams, who have already said they will trade the pick. Many expect the Cleveland Browns to land that pick from the Rams.

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