Pro Football Rumors
The Colts entered the offseason with decision-makers on the ropes, as the Anthony Richardson decision may well be on the verge of ending Chris Ballard‘s lengthy GM stint and Shane Steichen‘s shorter HC run. Indianapolis moved on from one exec closely involved in the Richardson choice, and the team brought in Daniel Jones as competition. Thus far, signs point to that battle veering toward the six-year Giants starter.
As Jones steps into a strange savior role, considering the damage he did to the Giants’ power structure after struggling on a big-ticket contract, the Colts deviated from their usual Ballard-era free agency philosophy by signing two pricey DBs. The Colts are attempting to snap a four-season playoff drought, and jobs may be on the line. The Colts’ equation then changed drastically in May after Jim Irsay‘s death. The late owner’s oldest daughter, Carlie Irsay-Gordon, is now in control ahead of a pivotal season for the franchise.
Give Ballard credit for following through on a January mission statement. The ninth-year GM indicated his conservative free agency blueprint — an M.O. that prioritized a draft-and-develop route to the point the Colts fielded an almost entirely homegrown starting lineup last season — likely needed to change. Ballard had provided only one $20MM guarantee to a free agent in his tenure; that was Philip Rivers in a 2020 one-off. The embattled front office boss went to work on changing his stripes this offseason, as two of PFR’s top 40 free agents ended up in Indianapolis’ secondary.
This year’s cornerback market highlighted the value of the medium-term contract. Ward joined D.J. Reed, Carlton Davis and Byron Murphy in eschewing the usual four-year second contract for three- or two-year (in Murphy’s case) accords earlier this decade. That set up the late-20-somethings for significant third contracts, deals that probably would not have been available had the quartet opted for traditional-length FA pacts earlier. A new market for the third-contract CB ended up being set in a few hours’ time in March, and the Colts outmuscled multiple suitors for Ward.
Indianapolis had kept costs low at its outside cornerback positions for most of Ballard’s tenure, allocating the most notable CB money to their slot post. Kenny Moore‘s two contracts reset the slot market in 2019 and 2024, but he had little help following the 2023 Stephon Gilmore trade. Gus Bradley‘s vanilla scheme did not feature reliable pieces outside over the past two seasons, and the Colts had seen prior developments — the Rock Ya-Sin-for-Yannick Ngakoue trade and the Isaiah Rodgers gambling suspension — affect this...
