Manning’s current deal, the final two years of which have been technically voided, will expire after the 2010 season.
“You know it’s going to get done,” Irsay said during media day interviews. “I think it’s clear, and we’ll start on it this summer. That’s been the way we do things [to hammer out an extension when a player is entering the final year of his contract]. And it’ll be the biggest [contract] in history; there’s not much doubt about that.”
Irsay has said in the past that Manning will be “a Colt for life,” and he reiterated that stance on Tuesday morning.
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