Jim Irsay on New Peyton Manning Contract: 'I Look for it to Get Quietly Done'
And as far as Peyton Manning's future? Irsay said there's no doubt:
Manning will remain with the team.
Manning, the Colts' 11-time Pro Bowl quarterback and a four-time Associated Press Most Valuable Player, is one of 22 Colts players with contracts scheduled to expire in the coming weeks. But Irsay told Mike Chappell of the Indianapolis Star this week he hopes to have a new contract with Manning done by March 3.
"I look for it to get quietly done," Irsay said Tuesday. "This is a very rare situation in terms of a player and his legacy and what he means to the team, what he means to me personally."
The Colts in October planned to offer Manning a contract that would have made him the league's highest-paid player, but Manning told the team he wanted to concentrate on football during the season.
If Manning and the Colts can't agree to a contract by March 3, it's likely the team will use its franchise tag to keep Manning on the roster. Chappell reported that the NFL is currently conducting research to determine if franchise and transition tags can be used in the league's uncertain labor environment.
Manning made the Pro Bowl for an 11th season this past season, which for the Colts ended with a 17-16 loss to the New York Jets in an AFC playoff game at Lucas Oil Stadium.