I honestly don't think he will play for ANY AFCE team for lots of reasons not the least of which is BB and TFB. Plus the venues. Plus Ross is an idiot. Manning will use him as leverage and a fallback.
AZ makes so much sense, and they know Kolb is a crap shoot, they can flip him to one of the losers. Seattle would be Manning's kind of environment, super loyal fanbase and laid back attitudes, plenty of cap and cash. Houston could flip Schaub to a loser too. Maybe that's one reason they didn't put the tag on Mario. Snyder will of course send the jet and make a run. I think Peyton would prefer not to butt heads with Shanny or Eli or play in the cold. Real long shot would be NO which is home and where they are currently in a little stand off with Brees. Jags and Titans might be too stupid, but they should consider it. He will likely do a very cap friendly incentive laden deal for the right team. And bring some WR's and a TE along if they need them. He wants to play and win (at least divisionally) for a couple of more seasons, this isn't about the money. It was the imminent drafting of Luck that sealed the deal in Indy.
If the Colts hadn't totally spit the bit absent him Irsay never would have done this. Including canning the Irsays and the doltish HC. Opportunity knocked and Jimmy couldn't ignore it. Thing is that team isn't going to be very good with a rookie QB and a rookie HC and GM, etc. for some time to come. They have little beyond Mathis and Freeney and Freeney may still go if he won't extend on a cap friendly deal and Mathis may be a shell without him. No Center, second year tackles, jag guards, second tier RB's, losing their top two WR's and young TE (and Clark needs to restructure), jag secondary, bunch of tampa 2 defenders and a DC who runs a 3-4... Gonna be interesting.
They have some cap space. Manning's dead cap is only $10M because of the way the deal was structured. So they gain $7M releasing him. Should put them about $20M under. But they have more holes than a block of swiss cheese. And have to use the #1 pick to secure Luck.