The Facts:
The team issued a one-year, $712,000 contract offer to Moorehead, a restricted free agent who can seek an offer from another team. The Colts retain the right to match any offer. If they opt not to match the offer, they would receive no compensation.
Reported by the Indianapolis Star News
Fantasy Football Diehards Line:
Moorehead has been a backup each of the past three seasons after making the Colts as an undrafted free agent. He is the tallest receiver on the team, listed at 6-3, but has struggled to get much playing time among the Colts' deep receiving corps. He has 15 catches in three seasons, but Friday's decision was an indication the Colts like Moorehead's skills.
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