The Bengals have signed restricted free agent Ben Utecht to an offer sheet. This means the Colts have seven days to counter the offer made. If they don't, Utecht is a Bengal and the Colts get some kind of compensation (3rd round pick, I think). It's believed the deal is three years at nearly $3 million per year (aka, way too much money for a guy who always gets hurt and fumbled way too much).
Despite Utecht's annoying habit to cough up the ball, I like him and think he's a decent TE. His agent, however, is a friggin' idiot, especially when you read his comments:
"There's no question he was overshadowed," [Christopher] Murray said of Utecht. "He's a vertical tight end. He was a wide receiver in high school and he went down the field at Minnesota."
Update [2008-3-15 15:23:26 by BigBlueShoe]: Kirkendall is now saying the Colts do not get any compensation for Utecht because Indy did not tender him $1.4 million. Really, this whole restricted, unrestricted thing is confusing. If he's a restricted free agent, Indy should get compensation of some kind, if not from the Bengals then from the league.