Reggie Wayne will return to the Indianapolis Colts on a three-year contract, reports ESPN's Adam Schefter. Wayne, 33, officially became a free agent at 4 p.m. ET on Tuesday, and the Indianapolis Star previously reported that the team wasted no time engaging in contract talks to bring back the 11-year veteran.
Wayne's production in 2011 was clearly effected by the carousal of backups attempting to replace quarterback Peyton Manning. After recording at least 100 receptions and 1,200 yards in 2009 and 2010, he finished last season with 75 catches for 960 yards. It was the first time since 2003 that he failed to top 1,000 yards.
With Andrew Luck's expected arrival on the horizon, the Colts were clearly determined to retain at least one of their top two receivers. Earlier Tuesday, the Colts officially lost Pierre Garcon, who agreed to a six-year, $42.5 million deal with the Washington Redskins weeks after reportedly turning down a five-year, $35 million deal to stay in Indianapolis. Garcon, 25, placed second on the team with 70 catches and 947 yards. He also led the team with six receiving touchdowns, two more than Wayne.