The player returned to Indianapolis for a press conference Friday. The Colts will honor him by retiring his No. 18.
Rumors of Indianapolis coach's firing were dashed when Colts owner announced a new four year contract on Monday.
The future of Colts Coach Chuck Pagano remains uncertain.
The NFL is suspending New England Patriots' quarterback Tom Brady for the teams' first four regular season games.
The report says it was probable that two people worked to "release air from Patriots game balls after the balls were examined by the referee."
Jim Irsay cannot attend NFL games until October 9 because after he pleaded guilty to impaired driving.
Jim Irsay was scheduled to stand trial later this month.
Jim Irsay is charged with two misdemeanor counts of impaired driving in connection with his March arrest.
Irsay is due in court March 26 to face four felony counts of driving under the influence and possession of a controlled substance.
Four Hoosiers, including the Cook Group co-founder and the Indianapolis Colts owner, are appearing on this year's Forbes 400 Richest People in America list.