http://espn.go.com/nfl/story/_/id/14913587/peyton-manning-announce-retirement-monday

Peyton Manning's Super Bowl 50 victory over the Carolina Panthers was indeed his last rodeo.

The five-time NFL MVP is retiring, the Denver Broncos announced Sunday. The team will hold a news conference at 1 p.m. ET Monday for Manning to discuss his stepping away from the game after 18 seasons and two Super Bowl victories.

"When you look at everything Peyton has accomplished as a player and person, it's easy to see how fortunate we've been to have him on our team," Broncos executive vice president of football operations and general manager John Elway said in a statement. "Peyton was everything that we thought he was and even more -- not only for the football team but in the community. I'm very thankful Peyton chose to play for the Denver Broncos, and I congratulate him on his Hall of Fame career."

Manning called the Broncos on Saturday night to inform them he would be retiring. The Monday news conference had been previously scheduled, but the Broncos didn't know what Manning's decision would be until he made the call.

ESPN's Chris Mortensen first reported Manning's decision, which clears $19 million in cap room for the Broncos.

"Peyton Manning's extraordinary career was driven by his talent, an incredible work ethic, and an unwavering desire to be the best and ended so perfectly for him with a Super Bowl victory," NFL commissioner Roger Goodell said in a statement. "Peyton's competitive fire and love of the game made him a legendary player who thrilled fans for a generation. He has served as a great representative of the NFL both on the field and in his community. We are forever grateful for Peyton's unmatched contributions to the game and know that his success will continue in the next phase of his life."

History will show the quarterback made four Super Bowl trips with two titles, set a mountain of records and earned a place on football's Mount Rushmore. He will retire as the NFL's all-time leader in passing touchdowns (539), passing yards (71,940) and quarterback wins (186, tied with Brett Favre).

Manning, who played 14 seasons with the Indianapolis Colts, was a first-ballot Hall­ of­ Famer­-in­-waiting before spinal fusion surgery caused him to miss the 2011 season. He went to the Broncos as a free agent in 2012 and authored the most prolific season of any quarterback in history in 2013. The Broncos made two Super Bowl trips in Manning's final three seasons. Manning also follows in the Elway's footsteps, retiring as a Super Bowl winner.

When he embraced New England Patriots coach Bill Belichick after the Broncos' AFC Championship Game victory in January, NFL Films cameras captured audio of Manning hinting to the coach that the 2015 season would be his last.

"This might be my last rodeo. So it sure has been a pleasure," Manning said.