Colts Re-Sign P Pat McAfee To A Five-Year Deal

Update

The #Colts agree to terms with @PatMcAfeeShow. #Boomstick #COLTSTRONG  pic.twitter.com/QmWpLaiY8p

— Indianapolis Colts (@Colts) March 7, 2014

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Colts P Pat McAfee. announced on NFL AM Friday morning that the two sides have agreed to a five-year contract.

• Alex Marvez reports that McAfee receives a five-year contract worth $14 million and includes $5 million guaranteed. 

Last year, the Colts used their franchise tag on him, however, they were unable to reach an agreement on an extension until now.

It appeared as though McAfee was set to reach the open market, but the Colts have actually been pretty active in recent weeks, as they signed ILB D’Qwell Jackson to a contract on Thursday.

Pro Football Focus had him rated as the No. 3 punter in the league last season.