Sources: Colts, Tom Condon to meet

Despite Colts owner Jim Irsay saying Tuesday that the team had contract talks with Peyton Manning's agent, Tom Condon, the two sides' first meeting since training camp opened will take place Wednesday, according to sources.

Sources say there have been "zero" negotiations on a new deal that Irsay said will make Manning the NFL's highest paid player. One source believed it's unlikely any negotiations will occur Wednesday and according to a Colts player, it's well known that Manning is focused on football and will not want any distractions.

Manning waiting until the end of the season to sign a new contract would not be the unusual. Without a deal by season's end, Manning, who is making $15.8 million in the last year of a $99.2 million contract, will have finished both of his professional contracts, covering 13 years and earning the former Tennessee start an estimated $147 million since he was the team's No. 1 draft pick in 1998.

Chris Mortensen is ESPN's senior NFL analyst.