Originally it was thought that the Colts only had until March 8th to make a decision as to whether or not they were going to pick up him looming $28 million bonus. But according to a recent article provided by ProFootballTalk and Jason La Canfora of NFL.com, the Colts will have until 4pm Friday to decide on whether or not to keep Manning despite the fact that his contract states that the deadline is on Thursday.
La Canfora believes that there is a possibility, where the Colts can still pass the deadline, and have until Friday afternoon at 4 pm to cut ties with Manning or try and restructure a deal that would keep him in Indianapolis. The team would still have to give some kind of notice to Manning on Thursday before doing so.
“The $28 million non-exercise fee is the same amount as the option bonus itself. So, the Colts would have to act by Friday in terms of releasing him or having a new deal done to avoid paying that fee, but they technically could do as little as notifying Manning by Thursday that they do not plan to pick up that option,” writes La Canfora.
The Colts will be entering crunch time as this a decision that, either way, will spark controversy and debate among Colts fans everywhere. A recent report mentioned that Manning could be having second thoughts about leaving Indianapolis but this decision is ultimately out of his hands. Either way, we should have a better idea of what the future will look like for the Colts by the end of the week.