Colts Sign Phil Costa

4:36pm: Costa’s two-year deal is worth $2.7MM, with a max value of $3.5MM if he reaches playing time incentives, tweets Chappell.

4:25pm: The Colts have signed center Phil Costa, according to Mike Chappell of the Indianapolis Star, who reports (via Twitter) that it’s a two-year deal. Before agreeing to terms with the Colts, Costa visited the Lions, and reportedly had meetings scheduled with the Bengals and Patriots.

Costa, 26, was the Cowboys’ full-time starter at center in 2011, but missed most of 2012 with an ankle injury and transitioned into a backup role in 2013. He has a decent amount of upside, and appears to be the favorite to take over as the Colts’ starting center in 2014.

Costa’s signing means the team is likely out of the running for Alex Mack, though Chappell (Twitter link) cautions not to rule out the possibility, given Costa’s lack of playing time over the last couple seasons. A report earlier today had suggested there might be some mutual interest between Indianapolis and Mack.

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