The Colts signed K Eddy Pineiro to a 1-year deal. It's a curious move with K Rodrigo Blankenship coming off a strong rookie season (32 of 37 on FGs). Pineiro was out of work last year but connected on 23 of 28 FGs for the Bears back in 2019. Blankenship remains a heavy favorite to be the Colts' kicker in 2021, but he carries a bit more risk in fantasy drafts right now.
The Colts have released K Chase McLaughlin. That's a bit surprising. He filled in for an injured Adam Vinatieri last year, making 5 of 6 FGs and all 11 extra-point attempts over the final 4 games. The release appears to leave rookie Rodrigo Blankenship as the winner of the kicker competition. All the reports we'd seen out of Colts camp had Blankenship not performing particularly well. This doesn't look like a kicker situation to target in your fantasy football drafts. But if you take a Colts kicker, make sure it's not McLaughlin.