Indianapolis Colts Fire Head Coach Jim Caldwell [Video]

“This was a difficult decision,” Irsay said. “I wanted to make sure we took all the time we needed to make sure it was the right decision. … And just like 14 years ago, it’s a big change for the franchise and at the same time, there’s players, coaches, many people on the staff that will go into the new day and get on with the work of 2012.”

Indianapolis Colts Fire Head Coach Jim Caldwell [Video]

The day after a season-ending loss at Jacksonville assured Indy of the No. 1 draft pick in April with a 2-14 mark, Irsay fired team vice chairman Bill Polian, the architect of the Colts’ success, and his son, Chris, the hand-picked general manager.

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“This is obviously a big transitional time for us, but I know we’re excited moving forward and it’s hard when you say goodbyes to some people,” team owner Jim Irsay said. “But it’s part of the business.”

Irsay’s nine-day search for a replacement ended last Wednesday when he chose 39-year-old Ryan Grigson as Indy’s new GM.

Since then, Irsay and Grigson have met almost non-stop, debating what direction the team needed to go, whether staff changes would fix the problems or whether the team needed to bring in a new coach and possibly a whole new staff.

Things were so clouded Monday that Caldwell even met with former Rams coach Steve Spagnuolo about possibly becoming the Colts’ new defensive coordinator, and as late as Tuesday morning, the conventional wisdom was that Caldwell would stay.

Then things changed almost as suddenly as the Colts’ fortunes in 2011.

Irsay said he informed Caldwell of the decision about 2 p.m., shortly before the team confirmed the move.

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