Colts, Drew Rosenhaus continue contract negotiations for wide receiver T.Y. Hilton

Last Tuesday, super-agent Drew Rosenhaus was in Anderson, Indiana to watch the Indianapolis Colts practice in training camp and, more importantly, to continue contract talks with the team about a potential long-term extension for one of Rosenhaus' clients, wide receiver T.Y. Hilton.

Rosenhaus was in Anderson again this week, on Wednesday, to continue those negotiations.  He was joined by his brother, Jason, and the two continued their talks with the Colts over dinner this evening.  "It's really hard to characterize where we are (in negotiations)," Rosenhaus told FOX59's Mike Chappell.  "We're here.  That's half the battle.''

Wrote Chappell:

After practice, Rosenhaus chatted briefly with a few of his other clients, including cornerback Darius Butler and guard Donald Thomas. He then spent time with Hilton.

Shortly thereafter, a team official whisked the Rosenhaus brothers off in a cart for a 5:30 meeting with the Colts' negotiating staff.

The contract talks seem to have intensified recently, with owner Jim Irsay publicly saying he thinks a deal could be done by Labor Day for Hilton and left tackle Anthony Castonzo, and also with the fact that this is now Rosenhaus' second visit to Anderson in the past eight days.  He even joked on twitter about how often he's been to Indy recently:

I've been to Indianapolis so many times in the past month I'm thinking about getting an apartment there - lol

— Drew Rosenhaus (@RosenhausSports) August 12, 2015

Ultimately, the continued talks between the two sides are a good sign, though it still seems that no real timetable has emerged or that it is imminent.  Reports have suggested that Hilton is asking for around $14 million per year, which is the same mark that the Cowboys' Dez Bryant and the Broncos' Demaryius Thomas received this offseason.  We don't know how far apart the two sides are, but I would doubt that the Colts would give Hilton that big of a deal.  It's a lot of guess-work and speculation right now, but the positive news is that the two sides are continuing negotiations, and my expectation is still that a long-term extension will get done before the start of the regular season.

UPDATE: According to NFL Media's Ian Rapoport, Drew Rosenhaus is staying overnight and the contract discussions will likely continue tomorrow, highlighting how important the talks are and how progress may be happening.  As Rapoport notes, Thursday could be a significant day when it comes to the contract talks - so stay tuned.

<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Colts?src=hash">#Colts</a> made an extension with TY Hilton a top priority. Drew Rosenhaus staying the night speaks volumes. Could be an important day tomorrow.</p>&mdash; Ian Rapoport (@RapSheet) <a href="https://twitter.com/RapSheet/status/631668431629209600">August 13, 2015</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>