Peyton open to options

It appears both Peyton Manning and the Colts are open to extending the deadline for his $28 million bonus in order to give the team more flexibility.  Will that change the situation?  Only time will tell.

“Both may be amenable to pushing back that March 8 date by which he’s owed $28 million in the option bonus by the Indianapolis Colts,” King said Saturday.

CBS Sports’ Charley Casserly reported back in December that the Colts would likely ask for an extension; it’s good news for them that Manning’s also interested in granting said extension. The Colts are also reportedly locked into taking Andrew Luck with the No. 1 overall pick in April’s draft, but pushing the deadline back on Manning may give them some flexibility there.

Former Colts coach Tony Dungy, now an NBC analyst, believes that Manning and Coach Jim Caldwell will return in 2012, and that the Colts will draft Luck anyway.

“I’ve know Jim Irsay for 10 years,” Dungy said. “He’s going to make these decisions with his heart as much as his head.”

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