The Colts are cutting Peyton Manning and likely not resigning Reggie Wayne and Jeff Saturday because they want to rebuild, and rightfully so. Given that, giving the 31 year old Mathis 4 years, 36 million, with 15 million guaranteed doesn’t make a whole lot of sense. Mathis has never played in the 3-4 scheme they’re moving to and resigning him makes it harder to resign Pierre Garcon, who will be a valuable under 30 wide receiver going forward for Andrew Luck, and it almost means they probably have to trade Dwight Freeney, a superior pass rusher to Mathis. In fact, we don’t even know how good Mathis would be without Freeney opposite him. This doesn’t make any sense.

Grade: D