That's a real possibility because that's the modern NFL. If Taylor plays like Tanny, he'll get Tann'ys contract. 4k yards, 27 TD's and 12 INT's? Pay that man, full stop. No questions asked, IMO. No matter how good EJ looks in practice.
They have the same playoff record the last 3 years, Luck costs nothing compared to Peyton in that span, and they'll have him for 12 more years, so yeah, they did.