Indianapolis Colts owner Jim Irsay said Wednesday that a decision on Manning’s future with the team will likely not be made until March, according to ESPN.com.
"People assume that the people know what they're going to do and just aren't telling us," Irsay told NFL Network. "Often times, you don't know, and take as much time to be thoughtful and make the decision at the last possible moment you can. It's not true that any decision has been made. I wouldn't say it's a certainty that it will go one way or another.”
Irsay added that it is possible that the two sides could negotiate a deal to delay the $28 million option bonus that Manning is due March 8.
"Anything is possible if two parties get together and agree," Irsay said, according to ESPN.
Manning missed all of this season with a neck injury, but said that he had no plans to retire. "I really feel good. I continue to make progress every day," Manning said, according to ESPN. "Everything that the doctors have told me has been on point, which is encouraging to me. I just had a great day today with rehab, just got back from the facility, and that's what we continue to do. Just keep trying to get better. So far I have. That's the plan from here on out."