Now that the Denver Broncos have signed Peyton Manning, the natural next question that arises is what does it mean for Tim Tebow, the team's beloved young quarterback?

The Broncos held a Colorado news conference Tuesday during which they brought out Manning holding a #18 orange Broncos jersey, just hours after the star agreed to a five-year $96 million contract (with an injury waiver and required physical exams to protect the Broncos' interests) with the team, a league source told ESPN.

 I'm very excited to begin the next chapter of my playing career with the Denver Broncos, Peyton Manning said at the conference. I have work to do ... I'm not where I want to be. I want to be where I was before I was injured. There's a lot of work to do to get where we want to be from a health standpoint.

Now that they have the 35-year-old 2005 Super Bowl MVP, the Broncos are now going to try to trade Tebow to another team, according to ESPN.

A number of teams have expressed interest in signing the 24-year-old Tebow, who they signed in 2010 and has attracted vociferous popularity from Denver fans since becoming the face of the franchise.

Though there have been no official announcements, the Jacksonville JaguarsGreen Bay PackersMiami Dolphins and New York Jets have all discussed trading for the quarterback either within their organizations or in conversations with the Broncos, ESPN reported Tuesday.

John Elway, the former Broncos superstar quarterback who currently serves as the team's Vice President of Football Operations, has repeatedly expressed doubts and criticism about Tim Tebow, as his knack for barely winning games is not seen by many NFL observers as the best way to carry a team to a championship.

So it is hard to predict what will happen to Tebow, but his future is most-likely not in Denver, where he would definitely be the second-string QB, which is no way for a young player to further his burgeoning career.

Manning missed all of last season because of neck issues, and Indianapolis cut him in order to avoid paying him a $28 million bonus he was due if he continued to play for the Colts. But he has passed a physical exam and is expected to be return to play at the start of the 2012 season, though he has said he is not yet back to his peak playing condition.