The Indianapolis Colts have cut Chris Rainey for violating team rules.

Rainey was expected to receive a big opportunity with the Colts following the ACL injury to Vick Ballard.

“I can do anything and everything," Rainey said over the weekend, via PFT. "Wherever they put me, I'm ready for it. I'm one of them play-making guys that make you miss. It just makes you smile because you know what you can do in the middle of the field. So just be ready for it when your time comes.”

As a rookie, he contributed out of the backfield and as a returner, but he was waived hours after a Jan. 2013 arrest on a simple battery charge.

Rainey had been previously arrested in 2010, while at the University of Florida, on a felony stalking charge, which was later reduced to a misdemeanor. And in Dec. 2012, a month before the Steelers cut him, Rainey was cited for defiant trespass when he entered the Meadows Racetrack and Casino near Pittsburgh, after he had signed himself onto a self-exclusion list.

Vick Ballard tore his Achilles on Friday.

Ballard missed all but one game last season for the Indianapolis Colts with a torn ACL.

"When you see someone like Vick Ballard go down who's worked so hard to get back, it's tough, but it happens," Colts owner Jim Irsay said. "As soon as you get to camp, those things happen. He's still young and he's got a full career ahead of him so we have to do an MRI and see exactly what it is and then go from there. But you really hope to not hear any of that kind of news."

Brill Barnwell has released his 2014 NFL Trade Value rankings, headlined by Russell Wilson at No. 1 and Andrew Luck at No. 2.

Wilson is ranked ahead of Luck because he is still two years away from being paid market value.

Aaron Rodgers is ranked No. 3, though Barnwell writes that he would rank him as the most talented quarterback in the NFL right now. But Rodgers is 30 and makes far more money than younger, cheaper quarterbacks.

J.J. Watt is the first defensive player on the list and ranks No. 4.

Colin Kaepernick and Cam Newton are ranked No. 5 and No. 6 respectively. 

Robert Quinn is at No. 7 as the second-highest ranked defensive player.

Peyton Manning, Matt Ryan, Drew Brees and Tom Brady rank No. 8-No. 11.

Here's the rest of Barnwell's top-50:

12. Patrick Peterson

13. Earl Thomas

14. Richard Sherman

15. Robert Griffin III

16. A.J. Green

17. Calvin Johnson

18. Von Miller

19. Philip Rivers

20. Eli Manning

21. Ben Roethlisberger

22. Joe Thomas

23. Joe Staley

24. Luke Kuechly

25. Greg Hardy

26. Jadeveon Clowney

27. Jimmy Graham

28. Tyron Smith

29. Duane Brown

30. Julio Jones

31. Dez Bryant

32. Tony Romo

33. Matthew Stafford

34. Patrick Willis

35. Darrelle Revis

36. Lavonte David

37. Demaryius Thomas

38. Muhammad Wilkerson

39. Trent Williams

40. Joe Haden

41. Nate Solder

42. Adrian Peterson

43. Ryan Tannehill

44. Mike Iupati

45. Ndamukong Suh

46. Gerald McCoy

47. Dontari Poe

48. Sheldon Richardson

49. Jim Harbaugh

50. Nick Foles

LaVon Brazill has been suspended for the entire 2014 season after again violating the NFL's substance abuse policy.

Brazil was suspended four games last year for another violation.

After serving his punishment last season, Brazill, who was drafted in the sixth round of the 2012 draft, caught 12 passes for 161 yards and two touchdowns.