Indianapolis Colts sign QB Seth Henigan

The Indianapolis Colts' signing of Seth Henigan on a deal worth $885K total earns a **C Contract Value Index (CVI)** — a basement-tier acquisition that reflects minimal financial commitment but also minimal on-field expectation. At $885K against the salary cap, this is effectively a reserve-minimum arrangement, the kind of low-risk roster filler teams deploy when they need depth at quarterback without tying up meaningful resources. For a team sitting at 8-9 with a seven-game losing streak and zero margin for error down the stretch, the signal here is clear: Henigan is a depth piece, likely destined for the practice squad or emergency backup role, not a solution to whatever ails the starting job. The CVI reflects the reality that you're not buying a franchise asset or even a credible backup — you're signing insurance at the cheapest possible price point. This is the kind of move that costs nothing and promises nothing, which is precisely why it lands at C rather than lower; the Colts are getting exactly what they're paying for, with zero overpayment and zero pretense of impact.