Three and out: Manning activated off PUP list

Manning eligible to practice: The Colts are a step closer to having Peyton Manning back on the field after taking the four-time NFL MVP off the PUP list Monday. While it’s positive news for his fantasy owners — or anyone who has his favorite targets, Reggie Wayne and Dallas Clark — it’s not a guarantee that Manning will be under center for the season opener. If Indianapolis had not made the move, Manning would have been forced to sit out the first six weeks of the season. The future Hall of Famer is currently going in the third round of most drafts and his value should remain relatively unchanged. He recently told reporters that he won’t dress for Thursday’s preseason finale but had previously said that he plans to be ready to go for the season opener. Nonetheless, if you have Manning, be prepared not to have him available for the first week or two.

No movement on Johnson deal: Another day, another Chris Johnson update. Titans coach Mike Munchak told reporters Sunday that nothing had changed in the standoff between the two sides, and the team placed Johnson on the reserve/did not report list on Monday. It’s looking more and more like No. 2 RB Javon Ringer will be Tennessee’s starter in Week 1 at Jacksonville — despite not having played in the preseason due to a hip injury. Johnson continues to be drafted in the top four in most leagues, but that position is likely to fall as the holdout drags on. If you decide to take a chance on CJ2K, make certain you grab Ringer as well.

Welker says he’s OK: Patriots receptions machine Wes Welker left Saturday’s game against Detroit early with a neck injury, but told the Boston Herald afterwards that he was feeling alright. It’s no secret that Welker is one of the tougher guys on the roster and isn’t likely to let people know how hurt he might be. Combine that with coach Bill Belichick’s penchant for secrecy and it could leave fantasy owners wondering if one of the NFL’s PPR monsters is going to be limited. Right now, we say there’s no real reason to be concerned. Chances are Welker wasn’t going to see much time in the preseason finale, anyway. This could serve as a convenient reason to keep Welker out of the game altogether and get him ready for the regular season.

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