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Broncos holding off talks with Brock Osweiler 'out of respect' for Peyton Manning

The Broncos would like to re-sign quarterback Brock Osweiler, but have not yet begun contract negotiations as they await Peyton Manning's decision on retirement, according to Denver television station 9news.

Manning could walk away after 18 seasons as a Super Bowl champion — the most probable decision — but the Broncos want to keep their options open before committing to Osweiler, 25, for 2016 and beyond.

MORE: Peyton's next move | Time for Manning to walk away

Manning is expected to make his decision by March 9.