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Peyton Manning and Richard Sherman are among the favorites to win Player of the Year awards.The NFL will hand out its annual awards tonight for MVP, Offensive Player of Year, Defensive Player of Year, Coach of Year, Offensive Rookie of Year, and Defensive Rookie of Year. Here’s what you need to know in advance of the announcement.

MVP/Offensive Player of Year

Peyton Manning is among the favorites to win his fifth AP MVP award, which would be two more than any other player.

Most AP MVP Awards In NFL History

He’d be the first player to win the AP MVP award for more than one team.

Manning set the NFL single-season records for passing touchdowns and passing yards this season. He was at his best in the red zone, where he ranked first in completion percentage, touchdown-to-interception ratio and Total QBR.

Jamaal Charles could give Manning a run for the AP MVP or the Offensive Player of the Year awards. Charles led the Kansas City Chiefs in rushing yards, receiving yards and total touchdowns this season, the first player to lead his team in all three categories since Marshall Faulk for the 1998 Indianapolis Colts.

Defensive Player of Year

Robert Mathis is among the frontrunners for Defensive Player of the Year after leading the NFL with 19.5 sacks and eight forced fumbles. He’s the first player since the NFL officially began tracking sacks in 1982 to have at least 19 sacks and eight forced fumbles in a season.

Most Sacks in Season By Player 32 or Older

He also broke the Colts single-season sack record set by Dwight Freeney in 2004 and was the first NFL player to record at least 19 sacks in his age 32 season or older.

Richard Sherman, who had a league-best eight interceptions this season, is another favorite for the Defensive Player of the Year award.

Sherman led a dominant Seahawks defense that ranked first in the NFL in points allowed, Total QBR, passing yardage and interceptions.

Coach of Year

Andy Reid is one of the main contenders for Coach of the Year after leading the Chiefs to an 11-5 record in his first season as their coach.

Chiefs Last 2 Seasons

Last season, the Chiefs finished 2-14. The nine-win increase is tied for the third-largest in NFL history from one season to the next.

The Chiefs also became just the third team in NFL history to win at least 11 games following a season with two or fewer wins, joining the 2012 Colts and 2008 Miami Dolphins.

Offensive Rookie of Year

Eddie Lacy is among the favorites for Offensive Rookie of the Year after setting a Green Bay Packers rookie record with 1,178 rush yards. After coming back from a concussion in Week 5, he ranked second in the NFL in rushing the rest of the way, trailing only LeSean McCoy.

Defensive Rookie of Year

Kiko Alonso, one of three defensive players to play every one of his team’s snaps this season, headlines a group of strong candidates for Defensive Rookie of the Year. Alonso’s 159 tackles ranked third in the NFL this season and were the third-most by a rookie in the last 10 seasons.