Irsay ready to make Peyton highest-paid player

Peyton Manning is finally getting paid like a player who won multiple MVP awards and a Super Bowl.

ANDERSON, Ind. (AP) -- Colts owner Jim Irsay says he still plans to make Peyton Manning the NFL's highest-paid player, even if that requires putting the franchise tag on the four-time league MVP next season.

Manning has one more year left on his current deal. Irsay had hoped to give Manning an extension during the offseason, but the uncertain labor situation and the uncapped season have complicated negotiations.

At the team's first training camp practice Monday, Irsay told reporters that Manning's agent and team president Bill Polian have been discussing an extension.

Irsay gave no timetable for an agreement.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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