In a press conference today, it was announced that the Indianapolis Colts franchise has chosen to not exercise the contract option on famed quarterback Peyton Manning. According to the press release, "The four-time MVP and 11-time Pro Bowl Manning is an unrestricted free agent."

Peyton Manning and Jim Irsay, Colts franchise Owner and CEO, both spoke at the conference about the decision. Peyton answered most of the questions and even choked up when he began reminiscing about his time with the Colts. He expressed a deep love for the city of Indianapolis and assured the citizens and fans he wouldn't pull roots. Peyton asked everyone to keep things into perspective and expressed his condolences and prayers for the many Hoosiers and Tennesseans who had lost their lives and homes in last week's storms.

“Today is a very difficult day for every Colts fan,” said Colts Owner and CEO Jim Irsay.  “Peyton Manning has meant so much to the organization, the city of Indianapolis, the state of Indiana and to Colts fans worldwide.  We salute Peyton for all he has accomplished on and off the field, and we wish him health and happiness as he moves forward."

“Peyton represented what we aspire to have in our players.  He promised to win for the Colts years ago, and he did.  His achievements are as notable as those of any athlete in any sport, and I offer him my sincerest thanks for his outstanding service and example.”