Bill Polian Talks About Peyton Manning Contract Negotiations While Jim Irsay Sounds Frustrated

OAKLAND CA - DECEMBER 26: Peyton Manning #18 of the Indianapolis Colts leaves the field against the Oakland Raiders during an NFL game at Oakland-Alameda County Coliseum on December 26 2010 in Oakland California. (Photo by Jed Jacobsohn/Getty Images)

Brittany Diehl of the local FOX affiliate in Indianapolis tweeted a link to her quick chat with Colts Vice Chairman Bill Polian earlier today. Diehl asked Polian to update fans on the status of Peyton Manning's contract negotiations. He replied:

This is not something that is going to get done overnight. We've got to work through it. We're well on the way to doing that, and we'll see how it goes. I can't predict how it will go. One thing we know, he'll be here. That's for sure. Under what financial circumstances remains to be seen.

This is just my 2 cents: Why is this taking so long? This really should be done by now. As Colts owner Jim Irsay stated during a conference call two days ago, via Bob Kravitz:

"Whatever the (Manning) number is, $20 million, you're topping off there where it becomes very, very difficult to be competitive and to field a team," Irsay said. "Under this system, you cannot pay a player $25 million. It's just not going to work. You're not going to be able to compete."

Seriously, what is holding this thing up?

Are the Colts playing hardball? Is Peyton being greedy? While the Patriots are trading virtually nothing to beef up their defense with Albert Haynesworth and the Jaguars are signing players left and right, the Colts seem shackled until they can get this Manning contract done.

But why isn't it done? They made an offer to him back in March. It seems clear they want to pay him more than Brady. Irsay himself said it.

I get the sense that the slowness of this negotiation is frustrating Irsay. He's seeing all the Colts rival getting better during this unique period of free agency. Meanwhile, the Colts remain stagnant. During his phone call with media two days ago, more than a few people noticed how Irsay's tone seemed 'frustrated' and 'angry.' If you follow him on Twitter, his tweets recently have had a similar tone.

Something seems wrong.

1070 the Fan's JMV says a deal will get done by this weekend. Why is it taking that long? By then, all the key free agents will be signed, and the players out there will not be good enough to overcome teams like the Jets, Patriots, Steelers, Packers, and Ravens. Heck, if the Texans get Nnamdi Asomugha, do you honestly see the Colts beating that team next year? I don't. They crushed us in Week One, and we barely got by them later in the year.

Imagine the Jets if they get Asomugha and pair him with Revis!

Prior to the start of free agency, I wrote that how front offices deal with this chaos will determine who the true 'geniuses' are and who are the chumps. Right now, let's just say the Colts front office isn't looking good, and I think it's frustrating Irsay.

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