AP

The Colts aren’t planning on extending quarterback Andrew Luck this offseason and they haven’t extended coach Chuck Pagano before the final year on his contract, but the team has other options when it comes to new contracts in the near future.

Wide receiver T.Y. Hilton is also in the final year of his contract and owner Jim Irsay said that the team wants to make sure he remains in the organization for years to come.

“We’d like to make some progress, possibly get something done sooner than later,” Irsay said, via the Indianapolis Star. “It obviously takes both sides to come to a compromised agreement, so to speak. I think we’re optimistic, obviously. My belief, and our team’s belief, [General Manager] Ryan [Grigson] and Chuck as well, is draft great players and keep great players. We’ve kept great players into their second contract. Obviously, Reggie [Wayne], Robert [Mathis], [Dwight] Freeney, the list is long. We want to be able to do that. The most critical thing is keep them in their second contract. We’re coming to that crossroads on some key guys, like T.Y. So I do expect something to get done there eventually for sure.”

The Colts drafted Phillip Dorsett in the first round of this year’s draft, but they’ve said that Dorsett’s arrival is not tied to Hilton’s possible free agency. Hilton has 214 catches for 3,289 yards and 19 touchdowns in three years with Luck and the Colts, which makes it easy to understand why the team wants to hold onto him regardless of what Dorsett turns out to be at the NFL level.