In light of the Free Agency period starting next week, the following is a run-down of recent developments in the FA market. I've concentrated on the three main areas of need for the Colts - OL; CB; WR.
With the deadline passing on Monday for teams to use the franchise tag, the picture became clearer with regard to potential Colts targeta in the offseason. For posterity, the list of franchise tags is as follows.
Franchise Tags
Branden Albert - Kansas City Chiefs - OT
One of the better pass protectors league-wide, Albert received the tag in light of the Chiefs' successful contract negotiation with Dwayne Bowe. Would seem to be a curious situation in light of yesterday's release of Eric Winston - Albert has steadfastly maintained that he's a LT, and to use the #1 overall pick on a future RT would seem to be folly. Look for Albert to hit the market next year.
Jairus Byrd - Buffalo Bills - FS
As expected, the Bills tagged their marquee playmaker on the back end.
Ryan Clady - Denver Broncos - OT
Same as above, a tag everyone expected. Anyone willing to give a first and a third for a franchise pass protector?
Anthony Spencer - Dallas Cowboys - OLB/DE
This was a bizarre one - and as a Colts fan, i'm fairly grateful. The Cowboys opted to pay Spencer over $10.6m for 2013 despite a position change from 3-4 OLB to 4-3 DE. Had a feeling that the Colts might've pursued and overpaid for Spencer, so we should be thankful for small mercies and Jerry Jones.
The other tags utilised by teams across the league didn't have a particularly significant effect on our free agency plans, given schematic and positional depth differences. Michael Johnson of the Bengals, Randy Starks of the Dolphins, Henry Melton of the Bears and our very own Pat McAfee were the other players to receive the tag.