The Colts and the agent for Peyton Manning, Tom Condon, met on Thursday and an offer was extended to the quarterback, according to team and league sources. The two sides met for hours, trying to accelerate a process that has been rumored for months. The offer is worth more than the four-year, $72 million contract that included $48.5 million in guaranteed money that Tom Brady signed with the Patriots in September, according to a source. The Colts want to make Manning the highest-paid player in the NFL, but they also want to show some financial restraint. Indianapolis president Bill Polian presented a pitch Thursday that the Colts want more cash flow to build the talent around Manning with a more aggressive offseason that could include a few key free agent signings, according to sources. The two sides are trying to consummate a deal before the league year ends at 11:59 p.m. March 3, when players will not be allowed to sign contract unless there is a new collective bargaining agreement.