The Indianapolis Colts, a team struggling to find salary-cap space, uncovered enough Wednesday night to sign free-agent-to-be CB Kelvin Hayden.
Hayden, who helped the Colts win Super Bowl XLI three years ago, reached an agreement with the team on a five-year, $43 million contract that includes $22.5 million in guaranteed money.
Colts president Bill Polian had said his team would designate Hayden as its franchise player if it couldn’t reach a long-term deal with him. But after extensive talks, the two sides hammered out a deal that will be signed by Thursday.
Now, another top cornerback has been taken off the market and there is less salary-cap space for WR Marvin Harrison in Indianapolis.