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Jim Irsay still in jail, can post bond and be released this afternoon

Jim Irsay, Mike Francesa

Indianapolis Colts owner Jim Irsay, right, talks with Mike Francesa during a visit to radio row at the Super Bowl XLVI media center Wednesday, Feb. 1, 2012, in Indianapolis. (AP Photo/David J. Phillip)

AP

Colts owner Jim Irsay remains in an Indiana jail this morning and will likely have spent about 14 hours there before he is released.

Authorities told WISH TV that Irsay was arrested at 11:41 p.m. Sunday and that the earliest he could be released from Hamilton County Jail is 1:30 p.m. Monday.

Bond for Irsay was set at $22,500, and he is expected to post that bond this afternoon.

Irsay was arrested in Carmel, Indiana, which borders Indianapolis. He faces four felony counts of possession of a controlled substance and one misdemeanor count of operating while intoxicated.