A pure depth move, Henigan is a practice squad addition with minimal NFL experience. Five headlines confirm this is a low-profile, procedural roster move late in the season. The key signal is his Week 18 elevation, suggesting emergency QB depth needs, not a real plan. Fans are largely indifferent, treating this as a forgettable end-of-season roster technicality. Henigan is unlikely to stick beyond this season without significant roster attrition ahead of him.
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Contract Value Index (CVI)
D
Below Value
OverpayFair ValueGreat Value
This signing grades out as a significant overpay for the Indianapolis Colts — the team is paying more than the on-field production currently warrants. Seth's on-field performance ranks in the bottom quartile among NFL QBs, grading him as an unproven at the position. His $885K average annual value ranks as bargain money for the QB market. The concern here is the gap between production and cost — unproven output at bargain money means the team is paying a premium above the player's on-field value. Seth is squarely in his prime, which adds to the deal's upside — the team should get multiple productive seasons out of this contract.
Contract Details
Total Value
$885K
AAV
$885K
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