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LANDOVER, MD - NOVEMBER 23: Quarterback Eli Manning #10 of the New York Giants warms up before the start of the Giants game against the Washington Redskins at FedExField on November 23, 2017 in Landover, Maryland. (Photo by Rob Carr/Getty Images)

New York Giants quarterback Eli Manning is retiring after 16 seasons and two Super Bowl MVPs, sources tell ESPN.  Manning will hold a news conference on Friday to officially announce the news, the sources said.

Manning, 39, steps away holding almost every passing record in team history and a pair of Super Bowl rings. His victories over the New England Patriots during the 2007 and 2011 seasons are the most iconic moments from a legendary career. He will get strong consideration for the Hall of Fame in five years when he’s eligible.

Manning is one of just five players in NFL history with at least two Super Bowl MVPs. He’s in an elite club with Joe Montana, Bart Starr, Tom Brady and Terry Bradshaw.

Manning was the No. 1 overall pick in the 2004 NFL draft by the San Diego Chargers. But he didn’t want to play in San Diego and was quickly traded to the Giants. The Chargers ended up with Philip Rivers and the Pittsburgh Steelers landed Ben Roethlisberger in the ’04 QB class.