INDIANAPOLIS, IN - DECEMBER 18: Pierre Garcon #85 of the Indianapolis Colts runs with the ball and fumbles as he is tackled by Akeem Ayers #56 of the Tennessee Titans during Colts 27-13 win in the NFL game at Lucas Oil Stadium on December 18, 2011 in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images)
Colts free-agent wide receiver Pierre Garcon recently rejected a five-year contract offer from Indianapolis.— Adam Schefter (@AdamSchefter) February 24, 2012
Now, because it is reasonable to assume that this five-year deal wasn't for chump change, one can only speculate that the reason Pierre told the Colts to go screw was because he has no interest in playing for Chuck Pagano or catching passes from Andrew Luck.
Other than those reasons, I can't think of why Garcon would thumb his nose at a five-year deal, unless he is just THAT stupid to think some other team is going to pony up more money. Maybe another team will, and, in which case, I say, fair thee well! Personally, it sounds like the Colts offered waaaaaaaaaaaaay to much bread to a guy who has always had chronic problems catching the football.
Look for a dramatically different WR corps for the Colts next year, kids.