peyton manning*Peyton Manning will become the next quarterback of the Denver Broncos, barring a snag during intensified contract negotiations that have commenced under the instruction of the four-time MVP to his agent Tom Condon, according to multiple sources, reports ESPN.

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Once the Manning deal becomes official, Denver will try to trade Tim Tebow, according to sources.

Manning instructed Condon to negotiate the finite details of a contract that would conclude with him joining the Broncos after a frenzied but focused process that began when the Indianapolis Colts released him March 7.

Manning called Broncos vice president of football operations John Elway on Monday morning to tell him the news. Manning also called the San Francisco 49ers and Tennessee Titans to inform them of his intent to now play for Denver.

Read/learn more at ESPN.

Watch this analysis by ESPN’s NFL expert Chris Mortenson: