The Indianapolis Colts will honor their late owner and CEO Jim Irsay by inducting him into the team's Ring of Honor this year, the franchise announced on Friday. Irsay died in his sleep at age 65 on May 21.

The Indianapolis Colts turned a bittersweet page in their franchise history on Monday. Months after announcing the death of longtime owner Jim Irsay, the organization has officially passed the reins to a new generation.

Jim Irsay will be the next member of the Colts' Ring of Honor. The Colts will induct Irsay, their longtime owner who died on Mary 21, before their Week One game against the Dolphins. "There was no bigger advocate for the Colts,