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Owner: Bonus decision likely in March

Updated: February 2, 2012, 8:29 AM ET
ESPN.com news services

Indianapolis Colts owner Jim Irsay said Wednesday that he expects to meet with quarterback Peyton Manning next week, but that any decision on Manning's future will likely wait until early March.

The Colts face a March 8 deadline for a decision on Manning. They owe him a $28 million option bonus on that date. If they don't pay it, he becomes an unrestricted free agent.

However, Irsay told reporters Wednesday that the two sides could strike a deal to delay the payment and the ...

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