1:55pm: The Colts have officially announced the signing of Cribbs, placing Ahmad Bradshaw on season-ending injured reserve in a corresponding move, tweets Mike Chappell of RTV6. The club also cut linebacker Victor Butler and signed tight end Weslye Saunders, an indication that Dwayne Allen may not be active in Week 12.
10:48am: The Colts are signing former Browns return man Josh Cribbs, a source confirms to Mary Kay Cabot of Cleveland.com (Twitter link), who says the move should become official later today. Zac Jackson of FOX Sports Ohio first reported (via Twitter) that Cribbs was heading to Indianapolis.
Cribbs, 31, was one of the most explosive punt and kick returners in the league earlier in his career, tallying 11 total return touchdowns — three on punts and eight more on kicks. The three-time Pro Bowler played for the Jets for a portion of last season after spending most of his career in Cleveland, and hadn’t been on an NFL roster to this point in 2014.
Given Cribbs’ limited value as an offensive player, the Colts likely intend to use him primarily as a returner. For most of the season, 24-year-old wideout Griff Whalen has returned punts and kicks for the club, and has been passable. Whalen has yet to return a kickoff more than 32 yards or a punt more than 22 yards, however, so installing Cribbs as the new return man should give Indianapolis more big-play potential on special teams.