On Monday, Jim Irsay announced one of his prized possessions — the Fender Mustang electric guitar used by the late Kurt Cobain — will be auctioned off to help support the team's Kicking The Stigma mental health awareness campaign.

The Irsay family is donating $3 million to Indiana University for a new research institute on the Bloomington campus that will focus on addressing the stigma surrounding mental health issues.

Indianapolis Colts owner Jim Irsay is talking with officials in several cities about the possibility of creating a museum to display the pop culture memorabilia that he's spent millions of dollars collecting over the past 20 years.

Colts owner Jim Irsay revealed the maximum value on Twitter, calling it the biggest contract in NFL history.