It's official: Peyton Manning goes to Broncos

Updated at 4:48 p.m. ET

(AP) DENVER - Peyton Manning got John Elway's seal of approval and Elway got the quarterback he thinks will bring the Denver Broncos their next Super Bowl title.

Now, everybody gets to see if Manning's surgically repaired neck goes along with the plan.

Manning was introduced as the new quarterback of the Denver Broncos on Tuesday, the four-time MVP taking the spot once held by Elway, who as Broncos vice president engineered the deal to bring the NFL's most sought-after free agent to town.

Peyton Manning to Denver: Smart choice?

After holding up his new, orange No. 18 jersey in a photo op with Elway and owner Pat Bowlen, Manning answered many of the questions that have been bouncing around since March 7, when his old team, the Colts, released the quarterback and set in motion one of the most frenetic free-agent pursuits in history.

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Peyton Manning

On the neck injury that kept him off the field through 2011: "I'm not where I want to be. I want to be where I was before I was injured. There's a lot of work to do to get where we want to be from a health standpoint."

On his potential role in being the man who could bring about the end of Tim Tebow's popular stay in Denver: "I know what kind of player Tim Tebow is, what kind of person he is, what an awesome year it was. If Tim Tebow is here, I'm going to be the best teammate. If other opportunities are presented to him, I'm going to wish him the best."

On Elway's role in leading him to choose Denver over other suitors, the most serious of which were the Titans and 49ers: "I'm seeing him as the leader of a franchise. I really liked what he had to say. Everyone knows what kind of competitor he is as a player. I can tell he's just as competitive in this new role. That got me excited."

And so, the deal was sealed. Manning has a five-year, $96 million contract and plans to retire in Denver. The Broncos, meanwhile, have some protection in the way the contract was formulated. There's no signing bonus. Manning will get $18 million guaranteed for next season, but must pass a physical before each season, starting in 2013, to get paid.

"I don't consider it much of a risk, knowing Peyton Manning," Elway said. "I asked him, `Is there any doubt in your mind that you can't get back to the Peyton Manning we know of?' And he said, `There's no doubt in my mind."'

It was 14 years ago that Bowlen stood on the podium in San Diego, lifted the franchise's first Super Bowl trophy and proclaimed: "This one's for John."

But this franchise hasn't been anywhere near what it was since Elway retired a year later with a second title in tow.

His return to the front office last year and set off a whirlwind of activity that landed the Broncos in the playoffs. But Elway is in this to win Super Bowls and he's throwing his hat in with Manning, the 50,000-yard passer who redefined the quarterback position through the 2000s, not Tebow — who seems most comfortable carrying and not throwing the ball.

"Tim Tebow's a great kid. If I want someone to marry my daughter, it's him," Elway said. "Tim is a great football player, but with the opportunity that presented itself here, we had to take advantage of that."

He said no decision has been made on Tebow's future, but he seemed to be preparing the quarterback's fans to say goodbye.

"That's the tough part of this business," Elway said.

Manning, who turns 36 on Saturday, said he made a quick connection with Elway, who won his two Super Bowls in Denver after his 37th birthday. Since No. 7's retirement, a long string of quarterbacks have come to Denver, trying in vain to replace the unreplaceable. If anyone can get out of that shadow, Manning could be the man.

He's got two trips to the Super Bowl and one title, 11 Pro Bowls and was the fastest player to reach 50,000 yards and 4,000 completions.

Long known as a master student of the game, there are hours of highlights available that begin with Manning standing at the line of scrimmage, surveying a defense, checking out of a play — or two — then calling the right one and getting the Colts to the end zone.

It's expected he'll be able to run his kind of offense in Denver, which reverted to an option-style system to maximize Tebow's potential last year.

One other factor in Manning's decision to play outdoors in the Mile High City: The nearly $40 million in salary cap room the Broncos have, putting them in the mix for quality free agents, possibly including Manning's former teammates Jeff Saturday and Dallas Clark.

The status of Manning's neck, however, will be an ongoing issue. It's one thing to throw through the entire route tree on a practice field, which he did to pretty much everyone's satisfaction, quite another to take a blindside hit from a 300-pound defender, which hasn't happened since he was surgically repaired.

Does Elway have a Plan B?

"Plan B? I don't have a Plan B. We're going with Plan A," he said.

[Tom_Pickens]

John Elway was labeled as Pat Bohlen ***

[Bart Barton]

Hey its all good. I can't wait to see Tebow lead the Jags into Denver and whoop Peyton's ass.

[w_roos]

Yeah -- I think Jax would be a good fit for Tebow. It's probably one of the most God Squad cities represented in the NFL.

[marqua2921]

I guess we just have to wait and see! GO BRONCOS!

[w_roos]

It's official: John Elway is a fool. Maybe one or two seasons out of Manning. Then what? I suppose there's the chance that the Patriots will eventually cut Brady.

[FormerUSMCSergeant]

Looks like Jesus spanked Tebow - again!

[w_roos]

Let's pray for Tim Tebow. On the phone to Bill Maher...

[smittyc]

Denver is desparate for another super bowl. So are the Colts and a lot of other football teams. Manning is old for football even without the injury. The other team let him go. Hiring him as a backup, would be risky, as a starting quarterback I'd say Elway's job is on the line and he will lose it if the season is a bust. What are the chances of that happening, Manning is one solid hit away from a wheel chair. Go home Manning, don't wind up like "Superman" did.

[retm-w]

Watch the flags come out everytime he takes a hit. Any hit on him will be roughing the passer.

[marqua2921]

Big deal, Elway was 37 when he won two back to back Super Bowls...so don't count Manning out...we are elated in Denver!

[janinnopo]

What a shame....I really liked him when he was with the Colts, but the Broncos??? Really?? Cannot. Literally cannot cheer for that team. Yuck.

[baileyccc]

He is Archie's son and that is good enough for me.

[OnTheCrown]

What is the big deal? He lost his last Super Bowl game.

[Raptorsmasher]

Hey San Francisco, there is a fairly good quarterback on the market!