Colts Reportedly Showing Interest In Free Agent Byron Leftwich

White caught zero passes in seven games played during the Colts’ ill-fated 2011 season, however. He landed on injured reserve midway through November after struggling with a knee injury. White did prove somewhat useful as a return man for the Colts. Though he never shook loose--he had 17 return attempts for 102 yards in two seasons--that versatility could make White useful to another team also in need of receiving help.

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As it stands, Indianapolis is able to offer Leftwich more money than the Steelers can. They also have offensive coordinator Bruce Arians, who worked with Leftwich in three seasons as OC for the Steelers.

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For more on the decision, visit SB Nation’s Broncos blog, Mile High Report. And for more on Denver sports, check out SB Nation Denver.

The Colts are expected to be moving to a 3-4 defense under new head coach Chuck Pagano which means Redding would be a defensive end in that scheme.

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Justice was a second round pick in the 2006 NFL draft and earned one contract extension from the Eagles. He lost his starting job midway through the 2011 season and had one of the higher salary cap numbers for the Eagles heading into next season, so his departure from Philly isn’t a major surprise.

The big news of the week in Indy won’t be this trade -- it’s Reggie Wayne returning on a three-year contract.

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And I mean everybody.

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These are guys that were all part of the Colts core during the Peyton Manning years so this is a huge change for the Colts. You have two first round picks in this group and another full-time starter for a number of years.

For more on the new-look Colts, check out Stampede Blue and SB Nation Indiana.

Freeney is entering the final year of a six-year deal he signed. He’s due a salary of $14 million in 2012 and has a cap hit of nearly $20 million. With the Colts entering full rebuilding mode, they might as well get what they can for Freeney now before he walks as a free agent next year.

Freeney has double-digit sacks in three of the last four years. Pass rushers are a premium position so he could be highly sought after. It’s unclear what Indy is looking for in a trade.

The two sides finalized a four-year, $36 million contract, according to the Indy Star. That includes a $15 million signing bonus and a $24 million payout in the first two years.

The Colts have a ton of holes on their team and they could use upgrades in multiple spots. Despite that, they have two terrific pass rushers that make life hell on opposing teams. You can’t say they have no bright spots in Indy.

Just before the news dropped that Mathis would be tagged, Bob Kravitz of the Indianapolis Star tweeted that Mathis and the team had come to a tentative agreement on a long-term contract and that he would not be slapped with the franchise tag. That contract is still coming, but the team put the tag on him as a precaution because of the looming franchise tag deadline.

Mathis, who is 31 years old, has played the entirety of his nine-year NFL career with the Colts. He recorded 9.5 sacks this season on a defense that badly underperformed around him, and he has been selected to the Pro Bowl four times in his career.

Mathis may be entering his age-31 season, but he is still one of the top pass rushers in the NFL. His 9.5 sacks in 2011 were down from his 11.0 in 2010, but they continued an impressively consistent run in which he’s averaged more than .5 sacks per game in every season since 2004. During his 135-game NFL career, Mathis has racked up 83.5 sacks and forced 39 fumbles.

If the Colts do not either sign or franchise Mathis, he’ll surely be one of the top targets on the free agent market and the Colts would risk losing him for no compensation.

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Garcon was originally picked up by the Colts in the 2008 NFL Draft and finally seemed to have a break out year in 2011, with 70 receptions for 947 yards and six touchdown receptions. The whispers say Garcon does not want to stay in Indianapolis, but it’s difficult to see a team willing to offer Garcon a contract similar to what he turned down.

For more on the Colts offseason, check out Stampede Blue and SB Nation Indiana.