Indianapolis Colts owner Jim Irsay turned down a $3.2 billion offer from an unknown bidder, according to the Indianapolis Star's Joel A. Erickson and Nat Newell.
A Colts spokesperson confirmed the offer to the Star and said the team isn't for sale.
Had Irsay accepted the offer, it would've been the biggest price ever paid for an NFL franchise. David Tepper bought the Carolina Panthers from Jerry Richardson for a little over $2.2 billion in July 2018.
Forbes released Wednesday its valuations for all 32 NFL teams.