"Gary has expressed his great desire to retire a Colt," agent Brian Mackler told Phil Richards of the Indianapolis Star. "I'm going to do my best to honor his wishes and Bill [Polian] and I are going to continue to talk."
Just the fact that they're talking is a good sign. If the Colts didn't want him around, or if he was asking too much, Polian would stop the talks dead in their tracks. He's not a guy who will get pushed around at the negotiating table, so as long as he feels like he's getting a fair shake Brackett will get his new deal.
It's not going to break the bank and will probably only cost them about $7 million in guarantees and $4-5 million per season in base salary. He's only a middle-of-the-road starter, but he is the guy who makes that defense go the same way Peyton makes the offense go, so it's absolutely essential that he stay a Colt.
If he hit the market, he would probably get a pretty decent pay-day, but he and the Colts need each other. He'll be a Colt next season and will probably have a new deal within the week.