Report: Colts Owner Jim Irsay Says Peyton Manning Is Still A Colt, For Now

After a tumultuous few weeks in Indianapolis, it looks as if injured Colts quarterback Peyton Manning might be hanging around.

Despite previous reports, Colts owner Jim Irsay released a statement Friday dismissing rumors surrounding Peyton’s “perceived departure.”

“We had a long talk today and we want to assure Colts fans everywhere that we are both committed to maintaining our close relationship and to working together through any challenges the future may bring.” Irsay said, according to ESPN.

With the 2012 NFL draft rapidly approaching, Colts management will soon need to decide if they are better off paying Manning the $28 million he is owed to stick around next season, or if they should go ahead and cash in on the Andrew Luck sweepstakes.