Andrew Luck is fully recovered from his late-season lacerated kidney and in line for a lucrative new contract extension.
"I think there's a good chance we would get something done this offseason," Irsay explained. "Being this early, there's no reason to think we have had major negotiations yet, but that's going to be happening as this month gets later and March comes in.
"I don't think there's a debate on what he means to our franchise. I really see Andrew here, God willing, for a really long time."
Irsay acknowledged that Luck's contract will "be ringing the bell in terms of nine figures and those sort of things."
League insiders have been predicting for a year that Luck will become the highest-paid player in football once he signs a multi-year extension. The owner's concession that his quarterback is the face of the franchise suggests Luck has a good chance to fulfill that expectation this offseason.