The Colts are set to release quarterback Peyton Manning, according to multiple outlets, with the franchise making the official announcement on Wednesday.

According to several reports, Randy Moss will work out for the Saints on Tuesday. The 35-year-old wide receiver did not play in 2011 and struggled in 2010, catching just 25 passes as he played for the Patriots, Vikings and Saints. 

Moss reportedly met with the Saints at the team facility after New Orleans lost to the Packers in Week 1 last September, though the team denied the reports.

Moss ranks second in NFL history with 153 touchdown receptions, and his 954 catches place ninth on the all-time chart.

NFL Network and FOX Sports analyst Brian Billick was a guest of the Dennis & Callahan show on Tuesday morning. Billick was asked about Super Bowl XLVI and specifically the fourth-quarter drop by Wes Welker, a play that many still view as crucial to the final outcome. Billick was quick to praise Welker but was highly critical of Rob Gronkowski, who played the Super Bowl with an injured ankle that required surgery five days later.

The Patriots elected to use their franchise tag on wide receiver Wes Welker on Monday, and late on Monday night Welker reacted to the news via Twitter.

"Glad that I will be a Patriot in 2012," Welker wrote. "And hopefully '13,'14,'15,'16,'17,'18 .........."

The Patriots announced Tuesday that they have elected to place the franchise tag on wide receiver Wes Welker. The NFL has not yet announced the franchise numbers for the upcoming season, but the number for wide receivers is anticipated to be around $9.5 million.

Peter King of Sports Illustrated and NBC Sports joined the Mut & Merloni show Monday morning to give his take on the Saints' bounty scandal.

Most of the attention has centered on former Saints defensive coordinator Gregg Williams for organizing the bounty program, with coach Sean Payton and general manager Mickey Looms next in line, but King said punishments are likely for players as well.

Sports Illustrated NFL writer Don Banks joined Dennis & Callahan Monday morning to talk about the bounty scandal that has gripped the league. Former Saints defensive coordinator Gregg Williams has admitted to organizing a program in which players were rewarded for inflicting game-ending injuries on key opponents.

Patriots wide receiver Wes Welker is expected to be hit with the franchise tag sometime before the Monday afternoon deadline, according to The league has not officially announced the franchise numbers for 2012, but the receiver position is expected to be set at approximately $9.4 million. (The franchise tag deadline is Monday at 3:59 p.m., and free agency begins on March 13.)

Patriots wide receiver Chad Ochocinco has been approached by the team about possibly "restructuring his contract," according to Liz Mullen of Sports Business Journal. Ochocinco, who caught 15 passes for 276 yards and a touchdown in his first season with the Patriots, signed a a three-year, $11.5 million contract on August, a deal that features base salaries of $3 million in 2012 and 2013.

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INDIANAPOLIS -- At league events like the annual NFL scouting combine, the Patriots love operating in the shadows.