I’d rate him as a risk with a big money contract, but also think he’s worth a shot as a No. 2 on the right team with the right offense, the right quarterback and the right No. 1.
The Colts need him and could beef up their offer and continue to try to get a deal done before free agency opens March 13. Also, defensive end Robert Mathis is also a franchise-tag candidate. That would cost about $10.05 million. If he hits the market, he’s going to field calls from a ton of teams.
Receiver Reggie Wayne is also heading for free agency. Indianapolis can keep one with a franchise tag of around $9.4 million. Lose both and they’re down to Austin Collie — a very good player who shouldn’t be asked to be a team’s top guy — and Blair White as their wideouts under contract.
Some analysts will be tempted to rate Garcon as having more upside than the aging Wayne as the Colts prepare to draft Andrew Luck. But I’ve been chatting with colleagues about it. That deep threat is nice, but isn’t a guy who will reliably convert third-and-7 more valuable for a young quarterback?