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Colts plan to negotiate contract extension with Manning in offseason

MIAMI GARDENS, Fla.--Owner Jim Irsay said Tuesday that the Indianapolis Colts will attempt to negotiate a contract extension with quarterback Peyton Manning during the upcoming offseason.

Manning's current deal runs through next season.

"It'll get done," Irsay said, speaking to a small group of reporters at the Colts' media day session. "There's no question about that. It's something we'll focus on in the offseason."

Manning's current contract is worth about $98 million over seven years.

"Peyton's deal, quite frankly, is not a hard deal," Irsay said. "We know Peyton is going to be the highest-paid player in the league. It's really just about being able to field a competitive team around him with all the surrounding parts. You need the whole surrounding cast. You just can't do it with the quarterback alone.... We'd like to get something done in the offseason."

Irsay said the Colts will monitor the contract negotiations of New England Patriots quarterback Tom Brady, whose contract also has one season remaining on it.

"He's up at the same time," Irsay said. "There's no question those two guys are comparable in terms of what they're going to be paid."

By Mark Maske  |  February 2, 2010; 12:12 PM ET  | Category:  Colts , Super Bowl Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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