The Colts reached an agreement in principle with first-round choice Marlin Jackson.
Jackson, drafted 29th in the first round, accepted a five-year, $6.975 million deal that included $4.350 million in signing, option and reporting bonuses. Signed in time for the start of training camp, Jackson has a chance to compete for playing time at the team's talented cornerback position.
Both sides submitted the contract to the league office for approval, which should occur later Tuesday.
Marlin Jackson Signs With Colts