Colts expected to release Peyton Manning

Quarterback Peyton Manning will be cut by the Indianapolis Colts today, according to a report. He is a four-time NFL MVP and led the Colts to a Super Bowl title in 2006.

The Peyton Manning era in Indianapolis is expected to end today, according to a report.


Citing anonymous sources, ESPN reported Tuesday that the Colts plan to hold a news conference to announce the long-expected decision. Manning is expected to attend.

Team owner Jim Irsay and Manning’s agent, Tom Condon, did not immediately respond to messages left by The Associated Press.

Manning turns 36 later this month, and missed the entire 2011 season after a third neck surgery. Before that, he’d never missed a game in his 13 NFL seasons.

He is owed a $28 million bonus, and with the Colts holding the top draft pick, they apparently have decided it was too risky and pricey to keep the four-time league MVP.

Manning led the Colts to the 2006 NFL title.

FALCONS: Free safety Thomas DeCoud plans to sign a new contract with Atlanta.

Terms of the deal were not announced by DeCoud or the team in public statements released Tuesday.

DeCoud has started 47 of his 58 games since the Falcons drafted him in the third round from California in 2009. He led Atlanta last season with a career-high four interceptions, ranked third on the team with 109 tackles and finished with seven passed defensed.

DeCoud’s return leaves the Falcons with the contracts of three defensive starters still unresolved.

Cornerback Brent Grimes, the team leader with 17 passes defensed, has been designated a franchise player, though he wants to sign a long-term deal with Atlanta rather than accept a tender offer worth over $10 million.

Right end John Abraham, who had a team-high 9½ sacks, and middle linebacker Curtis Lofton, are free agents.

SAINTS: General manager Mickey Loomis says the club has held a workout with veteran receiver Randy Moss, who is trying to make a comeback after spending a year out of football.

The Saints are not releasing details about the 35-year-old Moss’ workout, but New Orleans might be in the market for a receiver this off-season because two of quarterback Drew Brees’ regular targets, Marques Colston and Robert Meachem, are entering free agency.

The 6-foot-4 Moss last played in the NFL in 2010, a turbulent season for him in which he bounced from New England to Minnesota and then to Tennessee.

49ERS: San Francisco signed safety C.J. Spillman to a three-year contract extension through the 2014 season, another move to keep the secondary intact for the reigning NFC West champions.