From Mike Chappell of the Indianapolis Star:

The Indianapolis Colts veteran quarterback was running and throwing on the Macholtz Stadium field late this afternoon. One person who saw Manning throwing said he was doing so with "decent velocity."

The Star's other Colts beat writer, Phil Wilson, went on the local ESPN affiliate in Indianapolis earlier today and said that he did not think Peyton would practice at all during training camp and the he would not play a snap in preseason. Wilson thinks that the first time Manning will take a snap from center in a game-like situation is in an actual game: Week One in Houston against the Texans.

Peyton Manning is on the P.U.P. list to start camp while he rehabs from neck surgery, which was conducted in May. This is the third surgery for Manning in four years, and his second neck-related surgery in two.

Manning recently signed a five-year, $90 million dollar contract, making him the highest paid player in the NFL.