Colts president Polian agrees to contract extension

Updated: October 22, 2003, 12:17 PM ET

INDIANAPOLIS - The Indianapolis Colts and team president Bill Polian agreed to a contract extension Monday night, the team announced Tuesday.

Terms of the deal were not disclosed, but the Indianapolis Star reported that the new contract places Polian among "the upper echelon of team executives."

"He's right there with the top guys ... (Tampa Bay's) Rich McKay and (Kansas City's) Carl Peterson," Colts owner Jim Irsay told the Star. "And rightly so. This has been an ongoing process and I'm happy we were able to get it done."

Polian, 60, had been working with a contract that was set to expire after the 2004 NFL draft.

Considered one of the NFL's top executives, Polian is responsible for building the Buffalo Bills' four straight Super Bowl teams in the early 1990s.

Since Polian joined the Colts on December 22,1997, the franchise has gone to the postseason three times. The Colts have posted a 44-26 record since 1999, the fourth-best record in the NFL.

In Indianapolis, Polian has been responsible for drafting quarterback Peyton Manning (1998) and running back Edgerrin James (1999), two of the cornerstones of the franchise.

This story is from ESPN.com's automated news wire. Wire index