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Source: Broncos prepping to part ways with Peyton Manning

DENVER, Colorado – It could be a matter of “if,” not “when” Peyton Manning is no longer a member of the Denver Broncos. A source t...
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DENVER, Colorado – It could be a matter of “if,” not “when” Peyton Manning is no longer a member of the Denver Broncos.

A source told FOXSports.com that the Broncos are proceeding with contract negotiations with other players without counting Manning and his $19 million salary on their books for salary cap purposes.

Denver’s decision isn’t a shock as the Broncos are focused on re-signing Brock Osweiler as Manning’s replacement. While he hasn’t announced whether he will play for the 2016 season, the 39-year-old Manning may very well choose to retire after Denver’s victory in Super Bowl 50.

Broncos executive John Elway told media last Thursday that Manning needed more time before deciding whether he wants to keep playing. If he does, it will be with another team.

According to Denver Post columnist Woody Paige, Manning “will acknowledge his decision” to retire by the end of next week. NFL Media Insider Ian Rapoport reported Feb. 1 that Manning told close friends that he expected to retire after the season. In addition, Manning has not told anyone in the Broncos’ organization about whether or not he plans to retire, team and league sources told Rapoport on Saturday.

A Broncos source told NFL Media‘s James Palmer that the Denver Post report “is news to us” and that the team is continuing to talk with Manning about his future. Manning must undergo a team physical by Friday if he plans to play in 2016, Rapoport added.

Speaking at the NFL Scouting Combine on Thursday, Elway said he’s not pushing Manning to make a decision on retirement.

“I met with Peyton a couple nights ago and we had a good talk,” Elway said. “As I said after the game, we’ll give him as much time as he needs. He still needs some more time so we’re going to afford him that time. He deserves it after 18 years in this league.”

Elway reiterated several times that he’s not pressuring Manning one way or the other and will meet with the quarterback again in seven to 10 days.

The Broncos executive shot down suggestions that he needs Manning’s decision sooner rather than later so he can move forward on contract negotiations with Brock Osweiler.

“We’re really not in a hurry,” Elway said. “It’s really fluid. We know where Brock is and he knows what we have to offer. We still have a great deal of interest in Brock and we’d like to do something with Brock. We’ll start down those tracks and we’ll start talking to Brock about a new contract and see what we can do there. But with that in mind, also affording Peyton the time that he deserves. We’re not in any rush. Like I said we have 12 days and we don’t feel like we’re in a rush there. We’ll continue to talk to Peyton during that time and continue to work with Brock and get something done with Brock.”

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