Colts re-sign Manning to long-term deal

By the Associated Press | July 30, 2011 | 5:58 PM EDT

INDIANAPOLIS (AP) — The Colts have resigned quarterback Peyton Manning to a long-term deal that could keep him in Indianapolis for the rest of his career.

The team did not release terms of the deal Saturday, but it is believed to be for five years.

The Colts have set a Sunday afternoon news conference to discuss new the deal.

In a statement released by the team owner Jim Irsay said he was "thrilled to have the deal done."