Report: Ryan Grant signing with Colts

According to NFL Network's James Jones, the Indianapolis Colts are signing free agent wideout Ryan Grant to a one-year deal.

What It Means:

Grant -- who was due to make $29 million and $14.5 million guaranteed as part of a four-year deal with the Ravens -- has now agreed to a $5 million deal with the Colts. He'll be playing his way back into free agency next year and could become a key contributor for Indianapolis. He could push for snaps as the second and third wideout with Chester Rogers.

This season, Grant turned 65 targets into 45 catches, 573 yards and 4 scores in 16 games.