The Broncos are one of perhaps a half-dozen - or more - clubs thought to be seriously interesting in signing Manning, even though he turns 36 later this month and is coming off a series of neck operations. He missed all of last season, and the Colts decided to cut ties rather than pay a $28 million bonus that would have been due this week.
Arizona, Miami, Kansas City, Seattle and Tennessee all are considered possible destinations. The New York Jets were part of that group as well, but they signed quarterback Mark Sanchez to a long-term contract extension late Friday.
Because he was released and went on the waiver wire Wednesday, Manning is allowed to negotiate and sign with any club immediately; he does not need to wait until the free-agent period that begins on Tuesday.
Chiefs owner Clark Hunt confirmed in an interview with NBC Sports Network that was scheduled to air Friday evening that his team was pursuing Manning.
Redskins get No. 2 pick. Jay Glazer of FOX Sports reported late Friday that the Rams and Redskins traded first-round draft picks, giving Washington the second choice and clear shot at Heisman Trophy winner and Baylor quarterback Robert Griffin III.
According to the report, St. Louis will get the Redskins' No. 6 pick and two future first-round picks and additional selections.
Giants cut Jacobs. The Giants released running back Brandon Jacobs after seven years in New York. Jacobs, 29, ran for 571 yards and seven touchdowns last season as the Giants won the Super Bowl. He wanted to stay with the champions, but the parties could not agree on a restructured deal, signaling the end of a solid Giants career.
Colts release vets. The Colts released running back Joseph Addai, linebacker Gary Brackett, defensive back Melvin Bullitt, tight end Dallas Clark, and quarterback Curtis Painter.
Brackett, a product of Glassboro High School and Rutgers, and Bullitt were both team captains. Addai was the featured running back for years, and Clark is a former Pro Bowler who caught 100 passes in 2009.