DENVER -- Peyton Manning is now officially a Denver Bronco!

The star quarterback was introduced at a press conference on Tuesday afternoon.

The four-time MVP signed a five-year $96 million contract.

The Broncos do have some protection. There is no signing bonus and Manning must pass a physical before each season.

"I am thrilled to be here. I'm looking forward to meeting my new teammates, and doing everything I can to help this franchise win another Super Bowl," said Manning.

When asked about what his new job means for Quarterback Tim Teebow, he simply stated, "No matter what happens, I wish him all the best."