Report: Indianapolis Colts, Peyton Manning breaking up

photo In this Dec. 2, 2011, file photo, Indianapolis Colts quarterback Peyton Manning talks to reporters in the locker room at the NFL football team's practice facility in Indianapolis. The Super Bowl is getting upstaged by the greatest spectacle in football. Manning is making headlines without playing a down, dominating conversations without saying a word and superseding the two conference champions from the sideline.
Arkansas-SEMO Live Blog

INDIANAPOLIS - The Peyton Manning era in Indianapolis is expected to end Wednesday, according to a report.

Citing anonymous sources, ESPN reported today 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.

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