For example, if Irsay owned 100% of the Colts, the estate tax would be $345,800 plus 40% of approximately $4.35 billion, which equals approximately $1.7 billion.

The Indianapolis Colts will honor late owner Jim Irsay by inducting him into the team's Ring Honor this season. The ceremony will take place prior to the Colts' Week 1 game against the Miami Dolphins.

The Irsay daughters – Carlie Irsay-Gordon, Casey Foyt and Kalen Jackson – most likely don't have the $1.7 billion in liquid cash they would need to pay the massive 40% estate tax the Internal Revenue ...

The Indianapolis Colts will induct late owner Jim Irsay into their Ring of Honor during their Week 1 game against the Miami Dolphins, the team announced Friday.

The Indianapolis Colts announced Friday longtime owner Jim Irsay will be inducted into the franchise's Ring of Honor during the team's season opener Sept. 7. Irsay died May 21 at the age of 65.