13 WTHR IndianapolisIrsay willing to offer Manning new contract

Irsay willing to offer Manning new contract

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INDIANAPOLIS -

Jim Irsay expects to meet with Peyton Manning in the next seven days, and the Colts owner tells The Indianapolis Star the return of the four-time MVP depends on his willingness to restructure his contract.

Manning has spent the past five months recovering from his third neck surgery in less than two years, and there have been conflicting reports about how much progress the star quarterback has made.

The Colts owe Manning a $28 million roster bonus by March 8. Re-working Manning's contract would include foregoing that $28 million option bonus.

Irsay tells the newspaper on Tuesday the Colts would love to have Manning finish his career in Indianapolis "if he can get healthy and we can look at doing a contract that reflects the uncertainty of the...healing process with the regeneration of the nerve."

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