Out with the old and in with the new is the strategy with the rebuilding Colts as first ballot hall of fame QB Peyton Manning will be under center in Denver (joined by former colt TE Jacob Tamme).

WR Pierre Garcon also moved onto greener pastures by signing a monster contract with the always frugal Redskins. TE Dallas Clark will be taking his injury riddled body to Tampa (could start with Kellen Winslow traded to Seattle). One of the only playmakers left from the Colts 2006 Super Bowl season is veteran WR Reggie Wayne who signed a 3-year extension at the age of 33.

Colts 2012 Draft Selections:

RDSEL #PLAYERPOSITIONSCHOOL
11Andrew LuckQBStanford
234Coby FleenerTEStanford
364Dwayne AllenTEClemson
392T.Y. HiltonWRFlorida International
5136Josh ChapmanDTAlabama
5170Vick BallardRBMississippi State
6206LaVon BrazillWROhio U.
7208Justin AndersonGGeorgia
7214Tim FuggerLBVanderbilt
7253Chandler HarnishQBNorthern Illinois

The Indy passing offense plummeted to 27th in the NFL under Curtis Painter (finished #1 in passing offense in 2010). They used their #1 overall pick on Stanford’s Andrew Luck who has been compared to the best QB prospect since Peyton Manning based on his intellect and accuracy. At 6’4, 235 he has ideal size and played in a pro style the past two years under Jim Harbaugh (now the head coach of the 49ers). Over the past two seasons, the Stanford Junior has tossed 69 TDs and only 18 INTs. Luck set a new Stanford record for career touchdown passes with 82, breaking John Elway’s record of 77 and the Colts are hoping that Luck will be under center for the next decade.

First year coach Chuck Pagano went offense early and often adding arguably the to two best TE prospects in this draft class (Coby Fleener and Dwayne Allen) and also tried to fill the void left by downfield threat Pierre Garcon with the addition of Florida International speedster TY Hilton in round 3.

The Colts ground game has ranked among the league’s worst over the past four seasons (no better than 26th in the league from 2008-2011). Donald Brown has yet to justify his first round draft status which led to the selection of Vick Ballard in round 5. Keep an eye on the Texas A&M rookie as the Colts backfield is up for grabs in our opinion (recently signed Mewelde Moore, 2nd year back Delone Carter). At 5’10 , 209 – Ballard has the size to compete with Delone Carter for the short yardage role which could give him fantasy relevance in TD-heavy scoring leagues.

Here is how we see the Colts 2012 Depth Chart entering training camp.

POS1234
QBAndrew Luck (R)Drew Stanton
RBDonald BrownDelone CarterVick Ballard (R)Mewelde Moore
WR1Reggie WayneDonnie AveryLaVon Brazil (R)
WR2Austin CollieT.Y. Hilton (R)Quan Cosby
TECoby Fleener (R)Dwayne Allen (R)

WINNERS: WR Reggie Wayne (ADP: 79 Overall / WR30),  TE Coby Fleener (ADP: 147 Overall / TE 14) / TE Dwayne Allen (ADP: 203 Overall / TE 21)

For the first time since 2003, Reggie Wayne failed to top 1,000 yards (weak QB play gets most of the blame. Wayne finished his 11th NFL season with 75 catches for 960 yards and four TDs (barely WR3 worthy).

With Andrew Luck under center, we expecting a bounce back performance even with the rookie facing growing pains. A return to his 2010 production when he was a borderline WR1 (finished as 9th best fantasy WR) is unlikely but snagging a potential WR2 in rounds 7/8 makes him a solid value.  The 33-year-old WR is now longer a downfield threat but he remains a solid possession WR and should emerge as a favorite target as Andrew Luck looks to get acclimated to the big leagues.

TE Dallas Clark was a cap casualty (owed $4.5 million in 2012). Fellow Stanford alum Andrew Luck was thrilled to get his teammate in round 2. In 2011, the senior TE (6’6, 250) had 32 receptions for 667 yards and 10 touchdowns. Fleener is positioned to be a solid TE2 as he has the potential to finish his rookie season as the Colts 2nd leading WR behind Reggie Wayne.

The Colts figure to run multiple 2 TE sets as they look to get their best playmakers on the field. Clemson junior Dwayne Allen had 48 receptions and 8 TDs in 2011 (also added 2 TDs in bowl game victory). Allen is a better blocker than Fleener and has been running with the first team in OTAs. We like Fleener’s fantasy potential more as he’ll see a great amount of targets but don’t sleep on Allen in the final rounds of your draft (especially in dynasty leagues).

LOSERS: WR Austin Collie (ADP: 154 Overall / WR56) / RB Delone Carter (ADP: 183 Overall / RB64)

After posting 15 TDs over his first 2 seasons with Peyton at the helm, Collie’s 3rd season was a different story as concussion concerns and pedestrian QB led to a forgettable 2011 (54 catches for 514 yards and just one TD).

A case can be made that Collie could be in store for a bounceback but he’s also one more solid hit from being forced to retire. With the multiple additions made to the Colts passing game via the draft – the BYU alum might be hard pressed to produce stats worth of garnering a big pay day when he hits free agency at the end of the 2012 season.

Syracuse alum Delone Carter’s first season in Indy was less than impressive as he finished with just 101 carries for 377 yards and two TDs. Offseason thumb surgery and the addition of bruising back Vick Ballard (Texas A&M) have us less than impressed with Carter’s fantasy prospects for the 2012 season. His inability to make defenders miss and competition for the short yardage role makes him nothing more than a late round flier at best.

Check out the entire Post Draft Winners/Losers series HERE.

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