The Colts have released a statement on Josh McDaniels turning down their head coaching job in favor of staying with the Patriots.
"After agreeing to contract terms to become the Indianapolis Colts’ new head coach, New England Patriots assistant coach Josh McDaniels this evening informed us that he would not be joining our team. Although we are surprised and disappointed, we will resume our head coaching search immediately and find the right fit to lead our team and organization on and off the field.
The scheduled press conference at Lucas Oil Stadium will not take place tomorrow. More information will be forthcoming."
Earlier in the day, the Colts announced McDaniels agreeing to terms to be the next head coach in Indy.