As reported by NFL.com

http://www.nfl.com/videos/nfl-free-agency/09000d5d827b236b/Manning-chooses-Broncos

Peyton Manning is finalizing a contract with the Denver Broncos, a league source told NFL Network’s Michael Lombardi on Monday.

Manning called Broncos vice president of football operations John Elway on Monday to inform him of his decision.

The Broncos already have looked into a trade of quarterback Tim Tebow and currently are looking for a trade partner, a source told NFL Network’s Albert Breer.

The Broncos flew to Durham, N.C., to watch Manning throw at nearby Duke University last Friday. The Broncos’ contingent was led by Elway, coach John Fox, general manager Brian Xanders, offensive coordinator Mike McCoy, quarterbacks coach Adam Gase and medical personnel.

“We enjoyed visiting with Peyton today in N.C.,” Elway tweeted after the session. “He threw the ball great and looked very comfortable out there. Watching him throw today was the next step in this important process for our team and Peyton. It was a productive visit and went well.”

The Broncos were one of three finalists for the four-time NFL MVP, as the Tennessee Titans and the San Francisco 49ers fell just short of the Broncos in the race to sign Manning. The Arizona Cardinals and Miami Dolphins also were in the hunt and earned meetings with Manning but ultimately did not make the final three.