Colts Cut Peyton Manning

The Indianapolis Colts today parted ways with Quarterback Peyton Manning. Manning and Colts Owner Jim Irsay conducted a joint press conference. Manning missed the entire 2011 season after undergoing a third surgery on his neck. Without him the Colts ended up finishing the season with an NFL worst record 2-14. They have the first overall pick in April's draft and it now seems likely they will draft Stanford Quarterback Andrew Luck who will have some big shoes to replace Manning, the league's only 4-time MVP.

Manning is uncertain of his future plans at this point, but several teams have already expressed interest. Miami, Seattle, Tennessee and Washington could be a landing spot for Manning according to ESPN.