Owens is a depth signing that fills a roster spot but doesn't meaningfully upgrade Indianapolis's secondary. Multiple outlets covered the move, though headlines leaned heavily on his celebrity connection to Simone Biles. The key signal is that Owens has never established himself as a consistent NFL starter despite several chances. Fans are distracted by the Biles angle, overshadowing legitimate questions about his on-field ceiling. Owens projects as a special teams contributor and fringe roster player, unlikely to impact the Colts' defensive back rotation significantly.
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Contract Value Index (CVI)
B+
Good Value
OverpayFair ValueGreat Value
This signing grades out as a reasonable signing for the Indianapolis Colts — the team is getting significantly more on-field production than what they're paying for. Jonathan's on-field performance ranks in the upper half among NFL DBs, grading him as a solid starter at the position. His $1.4M average annual value ranks as below-market money for the DB market. The production-to-cost ratio is favorable — solid starter output at a below-market price point represents solid asset management. Jonathan is squarely in his prime, which adds to the deal's upside — the team should get multiple productive seasons out of this contract. The one-year deal minimizes the team's financial risk, effectively making this a prove-it contract.
Contract Details
Length
1 year
Total Value
$1.4M
AAV
$1.4M
Guaranteed
$188K
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