Indianapolis
Colts

News: The Cardinals have hired Frank Reich, Manning's (neck) former QB coach, as their wide receivers coach, the ESPN's Adam Schefter reports.
Impact: With Kevin Kolb still a Cardinal and Manning still a Colt at the moment, a Manning-to-Arizona scenario is purely speculative, but the addition of Reich to the team's staff is the sort of move that will no doubt fuel the offseason Manning rumor mill.

News: Manning (neck) is open to structuring his contract so that he would be paid little money up front and would earn the bulk of his salary based on performance bonuses, ESPN reports.
Impact: The Colts face a decision whether to pay Manning a $28 million option bonus due March 8. While his doctors have cleared Manning to play after neck-fusion surgery, it's not clear if the nerves have regenerated enough for him to regain his former velocity on his throws. Colts owner Jim Irsay has said Manning hasn't been medically cleared to play for the Colts. This report makes it seem like Manning is starting to think about how he would sign with a new team should the Colts release him rather than trying to remain with them - as it's not clear if Manning could restructure his current deal with the Colts in a way that would give Indianapolis the protection it needs should he not be able to resume his career.

News: Manning, contrary to earlier reports, has not been cleared for football activity, according to Colts owner Jim Irsay.
Impact: Irsay tweeted Thursday that "Peyton has not passed our physical nor has he been cleared to play for the Indianapolis Colts." Irsay said the team would put out a statement Friday. This comes after an ESPN report earlier Thursday that Manning had been cleared medically. The issue is a tricky one for the Colts, whose $28 million option on Manning is due in March.

News: Manning (neck) has been cleared for football activities, ESPN's Chris Mortensen reports.
Impact: This news obviously does nothing to clear up questions about Manning will play in 2012, but at least his health is trending in the right direction at the moment.