The Indianapolis Colts have fired both vice chairman Bill Polian and his son, general manager Chris Polian, on Monday, SI.com's Don Banks confirmed through a source close to the situation.

Bill Polian was hired by the Colts following a 3-13 season in 1997. Shortly after, the team drafted Peyton Manning first overall in the 1998 NFL Draft, a decision that helped set Indianapolis up as one of the most consistent, successful teams of the 2000s.

Under Polian, the Manning-led Colts went 141-67, with 11 seasons of 10-plus wins, from '98 through 2010. That regular season success led to 11 playoff berths, two Super Bowl appearances and a victory in Super Bowl XLI over the Bears.

But with Manning missing the 2011 season after a series of neck surgeries, the Colts got off to an 0-13 start before finishing 2-14, earning the No. 1 overall pick in the 2012 draft.

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