Owner Jim Irsay told reporters that coach Chuck Pagano will return next season and added that “Peyton Manning is not in the mix” to replace Grigson as GM. Jimmy Raye III, the team’s vice-president of football operations, will interview for the job. For the second straight season the Colts finished 8-8 and missed the playoffs, after going 11-5 in each of Grigson’s first three seasons. Indianapolis hired the 44-year-old Grigson in 2012 after he served as a scout for the Colts and Philadelphia Eagles. The Indiana native played 11 games as an offensive lineman for Purdue in 1991. ESPN’s Adam Schefter was the first to break the news. Last week, FOX Sports NFL Insider Jay Glazer reported that Colts owner Jim Irsay made a “strong push” to hire former Indianapolis QB Peyton Manning as head of football, with Jon Gruden reportedly Irsay’s target as Colts head coach. Gruden has denied having any conversation with Irsay, who said he contacted Gruden but not about the head coaching job.