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One of the most prolific quarterback’s to ever play the game will be released by the only professional team he’s ever played for. Sources close to the Indianapolis Colts told ESPN’s Chris Mortensen that the team will release Peyton Manning. The announcement will come at a press conference in Indianapolis on Wednesday.

The four-time NFL Most Valuable Player’s release comes just one day before he was due a $28 million bonus, making him a free agent. Manning missed the entire 2011 NFL season recovering from three neck surgery in 19 months; which resulted in seeing his younger brother Eli lead the New York Giants to the Super Bowl.

Manning holds all quarterback records for the Indianapolis Colts including, and has taken the Colts to the playoffs 11 times, captured seven AFC South titles in eight years, won two AFC championships, one Super Bowl title and a Super Bowl MVP Award. The Indianapolis Colts will more than likely pin their franchise’s hopes on consensus #1 overall prospect, Andrew Luck, out of Stanford; while teams like the Dolphins, Washington Football Team, Jets and more have inquired for the services of the 35-year-old Manning.