A breakdown of the initial wave of free agency for the Indianapolis Colts:
Overall grade: D. The Colts have been more viewers than participants during free agency so far despite the numerous holes on their roster. They've signed only four free agents (as of March 27) who were on other teams last season. This approach was by design, though. The plan all along was to be smart spenders instead of free spenders. GM Chris Ballard, without mentioning specific names, said they tried to land some of the marquee free agents but there was a certain price range they would not go above to sign a player.