Indianapolis Colts CEO and owner Jim Irsay has shown a strong vote of confidence in head coach Shane Steichen, awarding him a contract extension that includes a significant $12 million salary increase. The move comes after a season that exceeded expectations and re-energized the Colts franchise.Steichen, who took over as head coach in 2023, has quickly made his mark by instilling a culture of discipline, accountability, and innovation on both sides of the ball. Under his leadership, the team has shown steady improvement, particularly with the development of young quarterback Anthony Richardson and a dynamic offensive scheme that’s drawn praise from analysts across the league.
“I couldn’t be prouder of what Shane has done for this organization,” Irsay said in a statement released this morning. “His vision, leadership, and ability to get the best out of our players are exactly what this franchise needs. He’s earned this extension — and then some.”
Though the full details of the extension were not disclosed, sources close to the situation confirm that Steichen’s annual salary will now reflect a $12 million increase, putting him among the higher-paid coaches in the NFL. The extension is believed to run through the 2029 season.
The Colts narrowly missed the playoffs last season but finished with a promising 9-8 record, despite a string of injuries and a relatively young roster. Irsay’s show of support signals a strong commitment to long-term stability and belief in the direction the team is heading.
“It’s an honor to lead this team,” Steichen said during a brief press conference. “I’m thankful to Mr. Irsay, the front office, our coaching staff, and especially our players. We’ve laid the foundation, and now it’s time to build something truly special here in Indy.”
Fans and analysts alike are applauding the move, calling it a smart investment in a coach who has already proven his worth in just two seasons. With a fresh deal in hand and a motivated squad behind him, Steichen is now more empowered than ever to chase greatness in Indianapolis.