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Jim Irsay turned down $3.2 billion offer for Colts

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Indianapolis Colts owner Jim Irsay was recently offered $3.2 billion for his team, the team confirmed Wednesday. A team spokesperson told IndyStar the team is not for sale.

The offer was nearly $1 billion more than the $2.3 billion the Carolina Panthers sold for last year and more than double what the Buffalo Bills sold for in 2014.

On Wednesday, Forbes.com released its annual estimated values of all 32 NFL teams, with the Colts slotting in at No.