Colts Sign T.Y. Hilton, Korey Lindsey; Waive Micah Pellerin

The Indianapolis Colts today signed one of their third round draft picks, wide receiver T.Y. Hilton, claimed cornerback Korey Lindsey off of waivers from Atlanta and waived safety Micah Pellerin.

T.Y. Hilton was selected by the Colts in the 3rd round of the 2012 NFL Draft out of Florida International.  Following the draft, I gave the pick a C+.  Hilton is a speedy slot receiver who will help the Colts tremendously in the return game, as long as he stays healthy.

The signing leaves just the Colts’ first three picks – quarterback Andrew Luck and tight ends Coby Fleener and Dwayne Allen – unsigned.

Korey Lindsey, a 5-10, 194 pound corner, was drafted in the 7th round of the 2011 draft by the Cincinnati Bengals after being a two-time AP first-team All-American at Southern Illinois.  However, the Bengals released Lindsey during preseason roster cutdowns.  He was them signed by the Arizona Cardinals to their practice squad.  For a corner needy Colts team, this is not a bad signing to provide depth.  That said, I am always weary of guys who are released by the team that drafted them before they even suit up for a regular season game.

Micah Pellerin was signed by the Colts as an undrafted free agent this offseason out of Hampton.