The Peyton Manning watch is finally over as he has chosen Denver as his new home.

According to ESPN's Adam Schefter on Twitter, Manning has directed his agent to get a deal done with the Denver Broncos. He called John Elway this morning to let him know his decision and was looking forward to playing in Denver.

Barring any snags in contract negotiations this is a done deal and Manning will be in a Broncos uniform next season. Back when Manning and Elway met on March 9th they discussed the parameters of a 5 year deal worth $95 Million. Once this deal becomes official the Broncos will look to trade Tim Tebow, thus ending Tebow-Mania in the Mile High City.

UPDATE (Tuesday March 20, 11:12 a.m.): Manning has reached an agreement with the Broncos on a 5-year, $96 million contract. He will be introduced at a press conference in Denver around 3 p.m. EST.