01/02/2012 05:17 EST | Updated 03/03/2012 05:12 EST

With lost season finally over, Indianapolis Colts fire Bill Polian and his son

INDIANAPOLIS - The Indianapolis Colts have fired team vice chairman Bill Polian and his son, Chris, the club's general manager.

Owner Jim Irsay announced the moves Monday, one day after the team finished the year 2-14.

Head coach Jim Caldwell was retained.