Tom Pelissero of NFL Media reports that the Colts are cutting McLaughlin on Saturday. That leaves undrafted rookie Rodrigo Blankenship as the only kicker on the roster.
McLaughlin made 5-of-6 field goals and all 11 extra points he tried in four games with the Colts. He also kicked for the Chargers and 49ers during the 2019 season and was 18-of-23 on field goals while hitting every extra point attempt across all three stops.
Blankenship won the Lou Groza Award in 2019 as the top kicker in college football. He was 80-of-97 on field goals and 200-of-200 on extra points while at Georgia.