Re: INDIANAPOLIS COLTS News and Notes for 2007/2008
Cornerback David signs offer sheet with New Orleans
Colts have 1 week to match the proposal; Indy would get 4th-rounder from Saints
The Indianapolis Colts face the prospect of losing both starting cornerbacks from their Super Bowl team.
Jason David, a restricted free agent and the team's starting right corner the past three seasons, has signed a four-year offer sheet with the New Orleans Saints. The Colts have seven days to match it, or receive a fourth-round draft pick in the April 28-29 NFL draft from the Saints as compensation.
The Colts lost their other starting cornerback last month when Nick Harper, an unrestricted free agent, signed with AFC South rival Tennessee.
The financial details of the Saints' offer sheet are unknown, but it likely is front-loaded -- a larger salary cap number in 2007. That might make it difficult for the Colts to match. They have less than $4 million of room under the league's $109 million salary cap.
David, 24, has started 43 regular-season games and six more in the playoffs since being selected in the fourth round of the 2004 draft.
Despite David being a fixture on defense, the Colts tendered him at the lowest level last month: one-year, $850,000. If he signed an offer sheet with another team that they chose not to match, the compensation would be a fourth-round pick. That made David an attractive restricted free agent.
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