The Indianapolis Colts got a head start on 2014's free-agency gold rush. After visiting several teams, and there being reported interest from many more, FOX Sports 1's Mike Garafolo reported inside linebacker D'Qwell Jackson agreed to a four-year, $22 million deal with the Colts.
Reaction on Twitter was swift and loud: The Colts overpaid.
Fans and media alike struggled to see how a 30-year-old linebacker who was Pro Football Focus's 42nd-best inside linebacker of 2013 could command a four-year deal(subscription required).
How could the Colts—a team coming off of back-to-back playoff appearances and which fancies itself an AFC title contender—think a guy just cut by of the hapless Browns could put them over the top?
If D'Qwell Jackson, beloved and respected by Browns fans, media, coaches and teammates alike, was cut to avoid $4.1 million in bonus payout, as ESPN's Pat McManamon reported, what is Colts general manager Ryan Grigson doing forking over a guaranteed $11 million?
The answer is Econ 101: supply and demand.
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