(ESPN) -- 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.
Once the Manning deal becomes official, Denver will try to trade Tim Tebow, according to sources.
ESPN NFL Insider Adam Schefter talks about the news that Peyton Manning will sign with the Denver Broncos. Schefter believes if John Elway wasn't involved, this deal would not get done.
Advertisement - story continues below
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.