The Indy Star reports about the contract extension Bill Polian has gotten:

Owner Jim Irsay has taken a step to ensure the direction of the Indianapolis Colts remains unchanged, and remains under the direction of a Polian. The contracts of team president Bill Polian and son Chris have been extended “through the 2012 season and beyond,” Irsay said Thursday afternoon. Irsay extended the contracts to maintain continuity, similar to how he put the pieces in place as the Colts transitioned from coach Tony Dungy to Jim Caldwell. “There is no seismic shift. Nothing will change anytime soon,” Irsay said. “But continuity is important to me.”