On October 20, 2026, after firing Chris Ballard, the Colts reached out to Peyton Manning about the general manager job, offering full control of football operations and a part-ownership stake, per Dan Patrick. Reporting also ties the role to picking the next quarterback. A source now says the two sides have talked, but Manning wants Omaha Productions built and his kids through college first. Whether he would leave Denver and broadcasting for a stake worth roughly $450-500 million at an $8-9 billion valuation remains open. Manning has not responded publicly, and no terms beyond the outline have been reported.