Titans owner thanks team for efforts to sign Peyton - 13 WTHR Indianapolis

After reports surfaced Monday about Peyton Manning beginning contract negotiations with the Denver Broncos, the Titans are getting a thank-you from the team's owner.

Tennessee was one of the teams in the running after Manning was released by the Colts two weeks ago.

Titans owner K.S. Bud Adams, Jr. issued this statement:

"I want to thank the whole organization for their efforts in trying to sign Peyton and also to Peyton for the time he put into the process. Peyton called me this morning to inform me of his decision and obviously I am disappointed, because I thought we would be a perfect fit.

Now that we move forward, I want our fans to know that our expectations haven't changed - winning a championship is still the goal. I like our quarterback situation moving forward and we will continue to build the team through free agency and the draft with that goal in mind.

I also want to commend Matt Hasselbeck and Jake Locker. They were thrown into a very difficult situation. Matt was very good for us last year; and at some point, we expect Jake to be our future franchise quarterback."