Indy's owner reiterated Monday that he intends to make Manning the NFL's highest-paid player even if it takes the prohibitive franchise tag to keep him.
"The bottom line is we'll get something done and when it happens just depends," Irsay said during the Colts' first training camp practice.
Manning signed his current deal worth $98 million in 2004.
JETS: Unless a major resolution occurs soon, it could be a while before the team sees Darrelle Revis on the field. The All-Pro cornerback sat out the first two practices of camp Monday, locked in a contract dispute.
Revis is looking to become the highest-paid in the league at his position, seeking a deal higher than the three-year, $45.3 million extension Oakland's Nnamdi Asomugha signed last offseason.
Revis is scheduled to make $1 million in the fourth year of his six-year rookie deal, which general manager Mike Tannenbaum has acknowledged Revis has outplayed.
LIONS: No. 2 overall pick Ndamukong Suh missed his third consecutive day of practice. Coach Jim Schwartz said it's disappointing the former Nebraska defensive lineman has missed some opportunities in training camp that are gone forever.
REDSKINS: Albert Haynesworth failed to pass the team's conditioning test yet again and had to watch practice rather than take part.
Coach Mike Shanahan opened the door just a sliver that he might let Haynesworth practice without passing the conditioning test, but he said he's confident in the lineup he has without Haynesworth.
SUPER BOWL: NFL officials and the Indianapolis Super Bowl Host Committee have a contingency plan if a work stoppage postpones the 2012 Super Bowl.
Committee president and CEO Allison Melangton said the league wanted Indy's Super Bowl venues and hotel room blocks left open for the weekend of Feb. 5, the scheduled Super Bowl date, and the following weekend.