The Colts have given head coach Jim Caldwell his walking papers. The team announced today on its website that Caldwell was relieved of his duties after three seasons.
The move wasn't entirely unexpected, since the Colts hired a new general manager, Ryan Grigson, to replace the Polians - father Bill and son Chris - to run the front office.
So what does it all mean for Peyton Manning? It's still too soon to tell, since the biggest variable about Manning - his health - has yet to be resolved. Manning underwent two neck surgeries last year and didn't play a down in the 2011 season.
The Colts hope to get a more definitive read on Manning's healthy in the next several weeks so they can adequately plan for the draft. My sense from talking to people familiar with the Colts' decision is that team owner Jim Irsay, who has the ultimate say on Manning's future with the team, wants to keep Manning with the team if he's healthy enough to play.
Even if the team decides to draft Stanford quarterback Andrew Luck with the No. 1 overall draft pick, Irsay is leaning toward keeping Manning with Indianapolis. That's obviously subject to change depending on Manning's status, but right now, it appears Indy wants to hold onto Manning.