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Decision Day Nears for the Colts and Manning

The clock is getting closer and closer to midnight when it comes to the decision for the Colts and franchise quarterback Peyton Manning.

Thursday is D day for the team, as they will have to come to a decision on what to do about the future of Manning on their roster.

The Colts owe the NFL’s only four-time MVP a $28 million bonus by Thursday. That triggers the final four years of Manning’s five-year, $90 million contract which includes a 2012 base salary of $7.4 million. If Irsay opts to not pay the bonus and Manning does not agree to a lesser, restructured contract to remain with the Colts, he becomes an unrestricted free agent.

If he is released, there are a number of different destinations where Manning could land. Former coach Tony Dungy today said there is still a chance Manning could stay with the Colts.

Appearing on the “The Dan Patrick Show”, Dungy said, “I think there is a chance” when asked about the Manning staying with the Colts. “I hope it happens. I hope he does end up back with the Colts. I think that’s where he should finish his career.”

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