Manning talked to John Elway, Broncos Vice President of Operations, Monday morning to gave him his decision.
His contract is believed to be five years for $95 million. Manning’s agent Tom Condon is now surpposed to be wrapping up negotiations.
Manning also called the San Francisco 49ers and the Tennessee Titans monday morning to let them know of his decision.
He worked out for John Elway and other Denver executives and coaches at Duke University on Friday.
Denver will now look to trade quarterback Tim Tebow. Look for the Broncos to start adding pieces to their offensive as well as their defense, once Peyton Manning signs.