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Colts Daily Headlines: February 25th Edition

Intro: Each morning Colts.com will take a look at the top headlines surrounding the Indianapolis Colts from around the globe.

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INDIANAPOLIS – The NFL Combine will wrap up later today with the defensive backs hitting the field at Lucas Oil Stadium. Today's news looks at the depth at the receiver position in the draft and how free agency will impact May's Draft.

Take a look below at the top pieces fromTuesday, February 25th.**Plenty of depth for Colts in 2014 NFL Draft**By: Stephen Holder, Indy Star

Holder takes a look at the receiver position and how the depth at that spot could impact the Colts draft process.

"Our board is pretty heavy with talent," general manager Ryan Grigson said. "We feel like with all the quality juniors that came out that if there's a year not to have a (number) 1, we're happy that this is the year because there are some quality football players that will be there for us at (Round) 2 and the rounds after."

Receiver is a position that often requires time for players to develop on the pro level. But recent evidence gives the Colts reason for optimism. Look no further than the 2013 draft, when numerous receivers drafted in the second round and beyond had instant impact.

At No. 41, the Bills unearthed Robert Woods (40 catches, 587 yards). Aaron Dobson, the Patriots' 59th overall selection, performed well for New England (37 catches, 519 yards). Terrance Williams, Dallas' 74th overall choice, was impressive (44 catches, 736 yards). And, Keenan Allen, the Chargers' third-round pick (76th overall), had a phenomenal rookie campaign (71 catches, 1,046 yards).

While fans continue to look ahead to May's NFL Draft, what happens over the next few weeks will have a massive factor in what direction team's will head towards the rest of the offseason.

"We're optimistic about the process and our game plan, but it is the NFL," Colts general manager Grigson said. "You want to lock everybody up and have everybody here, but it's still the NFL and you can't have everything. We're going to try like heck to get that process worked through and see it through how we like."

As far as free agency goes, Grigson will likely take a methodical approach with things and allow the market to get set before doing anything so that he avoids overpaying to re-sign one of his own players.

ESPN's John Clayton reported over the weekend that the salary cap will be $132 million, which means the Colts will have about $39 million in cap space.

"Just like the draft, free agency kind of mirrors the draft, in sense going to have weaker position groups and stronger position groups every year at different spots," Grigson said. "So what we do, we have our pro scouts and guys just digging and I get a list during the season, I start knocking those guys out. Because you have to chip away every day, because you can't do everybody the day before March 11, and then have your draft in place as well. It's a process and something you have to chip away every day just to have that overall picture in your mind to see if it meshes with what you, your head coach and all your staff kind of sees as our vision moving forward. So we're just diligent making sure we unearth everybody."

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