Colts signed WR Keenan Allen to a one-year, $8.32 million contract.
The new was first reported by NFL Insider Jordan Schultz. With the Colts in need of a starting caliber receiver given Alec Pierce’s slow recovery from offseason ankle surgery, Allen was an obvious fit. He was the best wide receiver still available and with the news that the Saints lost Jordyn Tyson (hamstring) for roughly two months dropping earlier Monday evening, the Colts finally pulled the trigger on a one-year deal for the 34-year-old veteran. While Allen instantly becomes a fantasy-relevant player again, his fit in the offense is interesting. Even in his prime, Allen was never a field-stretching deep threat like Pierce, the receiver he’s replacing. That means he’ll be fighting for the same underneath targets that will also go to Tyler Warren and Josh Downs. There will be plenty of targets to go around for all three to pay off their draft cost in PPR formats, but the overall efficiency of the offense could suffer without a legitimate deep threat.
