UPDATE: Colts give Pagano four-year contract extension

Chuck Pagano and Ryan Grigson will be paired together for four more years with the Indianapolis Colts.

Colts owner Jim Irsay announced at a hastily-called, late-night news conference that he had given his coach and general manager contract extensions.

Pagano, the 55-year-old coach, received a four-year deal to replace the expiring contract that prompted speculation he could be ousted Monday.

Grigson got three years added to the one year he had on the original deal he signed in 2012.

Financial details were not immediately available.

Pagano led the Colts to the NFL playoffs in his first three seasons in charge, advancing one step further each year, losing in the 2014 AFC championship game. But plagued by injuries, including to star quarterback Andrew Luck, Indianapolis went 8-8 this season as Houston won the AFC South. The decision to keep Pagano will be well-liked in a locker room that was already lobbying to keep Pagano.

"I don't see any reason for change. I think Chuck is the guy for this team to lead us to a Super Bowl," linebacker D'Qwell Jackson said earlier Monday. "You look around the league, all the head coaches that have been around for years, there have been off years. If an off year is 8-8, I know some teams would give their right arm to go 8-8. I don't see a need for change."

Some Colts fans agreed.

As players continued to post their personal sentiments on Twitter, Colts fans adopted the phrase #Chuckstay to show their support. That's a spinoff of the #Chuckstrong tagline that became popular when Pagano was battling leukemia in 2012.

Pagano turned down a one-year contract extension last offseason and gambled he could take Indianapolis to a fourth straight playoff appearance, a third straight division title and their first Super Bowl in six years.

Pagano is 41-23 in four seasons in Indy and has won three playoff games.

But with the injured Luck missing nine games this season and 40-year-old backup Matt Hasselbeck dealing with a myriad of injuries in December and January, the Colts never lived up to the preseason Super Bowl hype.

Many Pagano's backers believe Grigson should be the one to go. They believe Grigson's hits and misses in free agency and the draft were the biggest problem and that Pagano did all he could with the hand he was dealt.

Grigson's supporters have questioned Pagano's ability to get his players to execute. They also pointed to poor play calls, penalties, turnovers and a series of questionable decisions such as the bungled fake punt against New England.

Only one opinion really mattered, though, and that was Irsay's. The extension showed how the owner felt about Pagano's work.

Before players started cleaning out their lockers, Pagano held this season's last team meeting. Players declined to say what specifically was discussed, but many acknowledged Pagano expressed "love" for each of his players.

"I'll tell you this, he's given his heart and soul every day since I've been here," Luck said. "I feel like I've grown so much as a player, as a person under him. Through this season, which became trying and disappointing, he's always been a sort of bastion of whatever that is of a good coach."