Go back to the interview that launched this conversation:
Peyton Manning talks about future, possibility of being QB coach at Tennessee - DanPatrick.com. Therein, Peyton categorically eliminated consideration of a head coaching position and didnt even reference the offensive coordinators role. Dan Patrick specifically asked, Well, what if Tennessee calls and says we need a quarterback coach? I mean you cant turn down your alma mater. Peyton offered the following response, Quarterbacks coach I would do at Tennessee. Head coach absolutely not. For whatever reason people in Tennessee like me right now. You become head coach and cut it in half. Why are you throwing on fourth-and-1? Why did you punt there when you should have gone for it? Its like being in politics. Quarterback coach you can stay under the radar. You get your quarterbacks throwing a lot of completions, you probably could stay in good favor. Maybe if they call, thatd be something."
If you take the context and tone of that interview into consideration, however, there definitely was a lot of joking, so it's difficult to know just how seriously one should have taken Peyton's remarks. (Listen, for example, to the segment where Peyton enumerates all of the NFL quarterbacks that he would defeat in a 40-yard dash.) Of this we can be absolutely certain, however. Peyton truly loves the University of Tennessee and its football program. He also stated in that interview, "I enjoy teaching football and that's kind of what I feel I do at our football camp. I enjoy talking about football and teaching things I've learned as a quarterback through the years." That is probably the context within which he will continue to periodically contribute to Tennessees football program.