Indianapolis Colts head coach Chuck Pagano agreed to a four-year contract extension Monday night. General manager Ryan Grigson will also stay on with the team.

Late Monday evening, the Colts said there would be no announcement on head coach Chuck Pagano's future with the team.

Hours later, Pagano agreed to an extension to stay on the Colts sidelines.

Coach Pagano has agreed to an extension. Tune in live to watch the press conference at 10:30PM tonight — Indianapolis Colts (@Colts) January 5, 2016

Colts owner Jim Irsay announced Monday night the extension is for four years and is tied with general manager Ryan Grigson.

"It was something I was hopeful would be the case," Irsay said.

"This is absolutely the best day of my life," Pagano said.

The speculation that surrounded Pagano's future also involved Grigson. Many fans called for an extension for Pagano, while demanding Grigson's ouster.

But Irsay quickly put that to rest at Monday's press conference, announcing Pagano and Grigson would be "contractually tied" at the head coach's insistence.

"We have the right stuff here to win a world championship," Irsay said, referencing the coach and general manager.

"Chuck's the guy that can get us to the mountaintop," Grigson said.

Reaction to the Pagano deal was immediate from Colts players on social media.

I love Chuck Pagano.. I think I speak for America when I say.. I'm extremely happy for him — Pat McAfee (@PatMcAfeeShow) January 5, 2016

I'm excited for next season. Coach P is back in the building. Thanks #ColtsNation for the support. #ThanksMrIrsay #GreatDecision #GreatCoach — Winston Guy Jr.™ (@winstonguyjr27) January 5, 2016

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Monday turned into a day of "hurry up and wait" for Colts fans on the edge of their seats waiting for Pagano news.



Media crews were camped out all day for a news conference that never happened. Colts head coach Chuck Pagano's future with the team has been the focus of intense speculation, with most observers, including WTHR's Bob Kravitz, holding the belief that Pagano coached his last game for Indianapolis on Sunday.



Pagano reportedly met with owner Jim Irsay on Monday afternoon.



After Monday's delay on any announcement, Kravitz tweeted:



What does it mean? Can't think it's bad news for Pagano. Like a jury that takes a long time to render a decision. — Bob Kravitz (@bkravitz) January 4, 2016

Basically told, team can not confirm a news conference they have yet to schedule. It's been that kinda day out here. No one knows anything, — Jason Spells (@JasonSpells) January 4, 2016

"It's everybody's goal to win a Super Bowl, right? And so when you don't do that, stuff happens. When you don't get to the playoffs and give yourself a chance to win the Super Bowl, regardless of the situation going on...obviously, Mr. Irsay's done a great job of leading this franchise for a long, long time. It's a winning franchise - Super Bowl winner, very successful. I know he has a vision for the team," said quarterback Andrew Luck, speaking to reporters Monday.

KRAVITZ: Pagano takes the high road in what is surely his last game as Colts coach



"This is not going to be a popular locker room decision. Not in the least. Ordinarily, a coach is fired or let go when his contract expires, and it’s met with an eerie silence. Not with Pagano. This was not lip service. Every player I spoke with, every one expressed the same sentiments. Maybe, in the deep recesses of that locker room, there are players who aren’t enamored with Pagano. All I can say is, I haven’t found that person just yet." Read more here.



4pm update...same as 3! No movement #colts meeting continues. Irsay rolled in around 215 for the meeting #WTHR — dave calabro (@calabro13sports) January 4, 2016



The Colts finish a difficult season 8-8 after struggling at the quarterback position and at the offensive line, among other woes.



KRAVITZ: Grigson's meddling helped undermine soon-to-be-fired Pagano

