Ryan Grigson fired as Colts general manager

Indianapolis Colts owner Jim Irsay has made his move.

Ryan Grigson has been fired as the Colts' general manager, a person familiar with knowledge of the move told USA TODAY Sports' Tom Pelissero. The person spoke on condition of anonymity because the move had not yet been announced.

ESPN's Adam Schefter was first to report the news.

Irsay was set to speak at a news conference at 5:30 p.m. ET on Saturday.

MORE COVERAGE:

Best and worst moves by Ryan Grigson

Highs and lows of the Pagano-Grigson era

Grigson had been the Colts' general manager since 2012. Last January, he and coach Chuck Pagano each received extensions through the 2019 season.

Grigson's tenure in Indianapolis got off to a sterling start, as he took Andrew Luck with the No. 1 overall pick in his first draft and the team went 11-5 in each of his first three seasons. When the Colts reached the AFC Championship Game in 2014, the franchise looked to be on the precipice of a breakout.

But Indianapolis followed that season with a disappointing 8-8 campaign the following year. Pagano and Grigson were given extensions, but the Colts once again went 8-8 this season and missed the playoffs in consecutive years for the first time since 1998.