Funchess to be taken by Colts to one-year deal worth $13M

The Indianapolis Colts will sign wide receiver Devin Funchess to a one-year deal worth $13 million, according to multiple reports Monday. Funchess has spent all four of his NFL seasons with the Carolina Panthers, catching 44 passes for 549 yards and four touchdowns last year. That followed his best season -- 63 receptions for 840 yards and eight scores in 2017.

Funchess, at 6-foot-4 and 225 pounds, will be a big target for quarterback Andrew Luck to pair with 5-10 wide receiver T.Y. Hilton. Tight end Eric Ebron was the Colts' primary red zone target last season, catching 13 touchdown passes. Funchess, 24, was a 2015 second-round pick by Carolina. He has 161 career catches for 2,233 yards and 21 touchdowns.

The Colts, with about $101 million in cap space, according to overthecap.com, are expected to be active in the free agent market after going 10-6 last season and losing in the divisional round of the AFC playoffs.