Quarterback Peyton Manning has agreed to a five-year contract with the Indianapolis Colts for $90 million, according to NFL Network.
Colts owner and CEO Jim Irsay confirmed the terms of the deal on his Twitter account.
The deal allows the four-time MVP to report to training camp at Anderson University in central Indiana, the club said on its website.
However, due to surgery he had in May, Manning will start the year on the training camp's "Physically Unable to Perform" list, the Colts said. Manning currently is undergoing daily rehabilitation sessions with the Coltâ€™s medical staff.
â€śSigning Peyton was a top priority for this organization and we are thrilled that the deal is complete,â€ť Irsay said. â€śWe feel that it is a salary cap friendly deal and it allows us more flexibility.â€ť
Manning led the Colts to a Super Bowl victory in 2006 over the Chicago Bears. In 13 seasons, he has earned 11 Pro Bowl selections and started all 208 career games, the most games to start a career at any position in NFL history, according to the Colts' website. He has completed 4,682 of 7,210 passes for 54,828 yards and 399 touchdowns. On his next touchdown pass, Manning will join Brett Favre and Dan Marino as the only players with 400 or more touchdown passes.