Just posted in ESPN.
If there were any question about the Colts trading the rights to Luck out of loyalty to Manning, this pretty much slams that door. A new regime is gonna want to build around its guy, not whatever Peyton has left in the tank.
My guess is Indy releases Peyton, and with his salary, it's a cinch he clears waivers. Depending on how much he cost in free agency and whether we thought we could still trade up for RG3, I could maybe see bringing in Peyton for a year or two to mentor a someone we take later in the draft or keep the seat warm until we can draft one next year.
Either way, I think it takes one more QB off the market and drives the price of RG3 even higher.