It looks as if the Manning watch is over. Per Adam Schefter, among others, Peyton Manning has advised his agent to get a deal done with the Denver Broncos, and has let the other teams in the race know his decision as well. Barring a setback in contract talks, Peyton Manning will be the next quarterback of the Denver Broncos.
This is a great move for the Broncos, as they were already a playoff team. They have some talent at WR, and a threat like Peyton Manning at QB will open up the running game for the like of Willis McGahee among others. This likely will spell the end of Tebow in Denver, as we have learned they will be shopping him around as well.