Pro Football Talk first reported the news.
The Colts gave Spence a $750,000 signing bonus this summer as part of their defensive rebuild. He was coming off a three-sack, six start season in Tennessee.
Parting ways with the linebacker was not a surprise, however. The veteran was quickly buried on the roster this summer, taking third-team reps.
While cutting Spence falls in the #notshocking category, it's a reminder that Ballard's roster rebuild is in its infantile phase. There will be more swings and misses than home runs -- that's how rebuilds usually work -- but at least the new GM provided us proof he's swiftly willing to move on from decisions that don't work out.