We had previously heard that the Colts’ offseason plans were essentially on hold until Peyton Manning’s contract was done.
Now that Manning’s deal is done, the Colts have taken care of one of their key free agents. ESPN’s Chris Mortensen reports that Joseph Addai has signed an undisclosed deal.
We thought getting Addai back in the fold was perhaps the most important move the Colts had to make in free agency.
Even though Manning’s cap number is lower by far than it would be as a franchise player, the Colts still had a cap cut to make. Cornerback Kelvin Hayden was surprisingly let go.
The Colts are deeper than people think at cornerback and Hayden was due over $6 million. He’ll be an interesting pickup for a zone team.