DENVER – Peyton Manning wants Denver to be the next stop in his outstanding career.
Manning will travel to Denver for a press conference to formally introduce him as the team's next quarterback, once the contract is finalized.
The San Francisco 49ers and the Tennessee Titans have been the other teams considered finalists in the race to sign Manning.
Sources tell KHOU in Houston that Manning called Bud Adams to thank him, but said that Hall of Fame quarterback John Elway is who convinced him to sign with the Broncos.
The Titans issued a statement from owner Bud Adams on Twitter on Monday morning:
"I want to thank the whole organization for their efforts in trying to sign Peyton and also to Peyton for the time he put into the process. Peyton called me [Monday] morning to inform me of his decision and obviously I am disappointed, because I thought we would be a perfect fit. Now that we move forward, I want our fans to know that our expectations haven't changed – winning a championship is still the goal. I like our quarterback situation moving forward and we will continue to build the team through free agency and the draft with that goal in mind I also want to commend Matt Hasselbeck and Jake Locker. They were thrown into a very difficult situation. Matt was very good for us last year; and at some point, we expect Jake to be our future franchise quarterback."
The quarterback reportedly did not direct his agent to negotiate with Tennessee or the 49ers to avoid being seen as wanting a better deal.
Manning met and threw for all three teams this week at different locations. The four-time NFL MVP also told the Dolphins and Cardinals that he wasn't interested.
The former Tennessee Volunteer left his workout with the Titans Saturday to spend the weekend celebrating his 11th wedding anniversary with his wife, Ashley.
Nissan had offered Manning a Titan truck; Shoney's had offered him a lifetime supply of pancakes. Even state lawmakers had passed a resolution urging him to sign with the Titans.
(The Associated Press Contributed To This Report.)