Indianapolis Colts sign CB Cameron Mitchell

Cameron Mitchell's extension earns a C Contract Value Index (CVI)—a middling deal that reflects both his depth-piece role and the Colts' measured commitment to secondary stability during an offseason rebuild. At $1.22M AAV, this is a replacement-level salary floor for a cornerback, appropriate for a rotational defender rather than a projected starter or franchise cornerstone. The contract structure suggests a low-risk, short-term commitment designed to maintain depth without locking in significant future cap space—exactly the kind of move a team sitting at 8-9 and outside the playoff window should make to avoid overcommitting to marginal contributors. Mitchell's value equation hinges entirely on staying healthy and executing scheme assignments; there's no upside premium baked into this deal, which is honest pricing for a player without elite production pedigree. The CVI grade reflects neither a steal nor an overpay, but rather a pragmatic placeholder move—the front office is not betting its future on Mitchell, merely ensuring he remains available if injuries strike the secondary.