Colts fire GM Grigson

Updated: 

The Indianapolis Colts have fired general manager Ryan Grigson, the team announced on Saturday.

Grigson has been on the hot seat for months, and rumours have swirled that both he and head coach Chuck Pagano would be let go after the Colts finished their disappointing 8-8 season.

Speaking in a media conference confirming Grigson's departure, Colts owner and CEO Jim Irsay insisted that Pagano will be the head coach in 2017.

He also denied reports Colts legend Peyton Manning is in the running for the GM position.

Indianapolis went 49-31 in five seasons since Grigson and Pagano were hired in 2012. After three straight 11-5 records, including a trip to the AFC Championship game following the 2014 season, the Colts have gone 8-8 the past two campaigns.

Grigson entered 2016 with a focus on the offensive line. Despite spending four of their eight 2016 draft picks on the offensive trenches, the Colts once again missed the postseason.

Under Grigson, the Colts used just four of their 14 draft picks in the first three rounds on defense, and ranked 30th in total defense this past season.