Manning Signs $96 Million Deal With Denver

NEW YORK ( TheStreet) -- Peyton Manning has reportedly reached a fat deal with the Denver Broncos.

Manning and Denver agreed Tuesday on a five-year, $96 million . The future Hall of Fame quarterback will be introduced as the team's new starting quarterback at an afternoon press conference, according to ESPN.

Denver could soon decide the fate of 2011 starting quarterback Tim Tebow as his hefty contract would be a burden to carry for a backup quarterback.

-- Written by Joe Deaux in New York.

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