Should Colts sign Jarvis Landry at his asking price?

CLEVELAND, OHIO - JANUARY 09: Jarvis Landry #80 of the Cleveland Browns celebrates after a reception during the second quarter against the Cincinnati Bengals at FirstEnergy Stadium on January 09, 2022 in Cleveland, Ohio. (Photo by Emilee Chinn/Getty Images)
CLEVELAND, OHIO - JANUARY 09: Jarvis Landry #80 of the Cleveland Browns celebrates after a reception during the second quarter against the Cincinnati Bengals at FirstEnergy Stadium on January 09, 2022 in Cleveland, Ohio. (Photo by Emilee Chinn/Getty Images) /
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The Indianapolis Colts could benefit from adding free agent receiver Jarvis Landry but is he worth his high asking price?

The offseason has been shaping up pretty well for the Indianapolis Colts. With their two big moves, they were able to land a quarterback in Matt Ryan and a pass-rusher in Yannick Ngakoue.

What Indy still needs most is a wide receiver. There are multiple veterans still available in free agency and the draft class is loaded, so Indy should be able to acquire someone.

The receiver that may be best for the Colts is Jarvis Landry. Landry is a respected veteran that can help improve the passing game and is a great run-blocker as well. He would be perfect for the Indianapolis offense and organization.

The only possible problem is that Landry’s contract may also be expensive. It has been reported that Landry’s asking price is $20 million annually.

Should Colts pay Jarvis Landry $20 million annually?

In an offseason where Christian Kirk signed a contract for $18 million annually and guys like Davante Adams and Tyreek Hill signed record-breaking deals for 28 and 30 million a year, it’s hard to blame Landry.

Unfortunately for him, that market may not be there for him right now. Landry is coming off the worst year of his career, having only played 12 games and catching just 52 passes for 570 yards and two touchdowns. All career lows.

In Landry’s defense, he did spend the majority of the season nursing injuries while also playing with a quarterback that was hurt as well. It’s understandable why his production plummeted.

When healthy, Landry can be a receiver that is worth $20 million a year. Between his play and leadership, he offers something many teams need.

The Colts definitely need a player like Landry but it won’t be happening for $20 million annually. Indianapolis only has $21 million remaining in available cap space. That means barring any restructures, Landry would take nearly all of Indy’s cap space.

The spending history of the Colts assures that won’t be happening. Unless Landry brings his asking price down, the chances of the Colts signing him are pretty nonexistent.