The Indianapolis Colts waived WR Penny Hart from injured reserve with a settlement on Saturday.
Hart, 23, wound up going undrafted out of Georgia State back in April. He later agreed to a three-year, $1.755 million contract with the Colts.
Indianapolis waived Hart with an injury designation coming out of the preseason and he later reverted to their injured reserve list.
During his college career at Georgia State, Hart caught 203 passes for 2,960 yards receiving and 19 touchdowns over the course of four seasons and 39 games.