The Colts made another big move today signing wide receiver Hakeem Nicks. The contract is a one year deal worth $3.5 million with an extra $2 million available in incentives.
This is an amazing deal for the Colts and one that has no downside involved. The team has attempted to sign receivers for two years straight on one year deals and both have failed. Neither Donnie Avery nor Darrius Heyward-Bey worked out and were large failures for the team. Nicks is a much better player than either of them ever were in their careers.
The deal should count $3.5 million against the salary cap and leaves the team with exactly $17 million available under the salary cap. This still gives them plenty of room to continue to add impact players for the upcoming season and also gives the team a potential number one receiver for the future that just recently turned 26 years old.