The Indianapolis Colts signed 2024 second-round pick Adonai Mitchell to his rookie contract on Thursday, according to ESPN's Adam Schefter. The 21-year-old spent the first two years of his collegiate career at Georgia before transferring to Texas ahead of the 2023 season. While playing in an offense with Xavier Worthy, Ja'Tavion Sanders, and Jonathon Brooks, he racked up 55 receptions for 845 yards and 11 touchdowns. He was rumored to be a potential first-round pick, but he ultimately fell to the No. 52 slot. In all likelihood, he'll be stuck behind Michael Pittman Jr. in the target pecking order, so he'll have to compete with Josh Downs for the WR2 role. The Colts are likely to have a low-volume passing offense in the first full year of Anthony Richardson at quarterback, so he has limited upside in traditional lineup fantasy leagues in Year 1.

New York Giants wide receiver Gunner Olszewski (foot/ankle) left practice last week after suffering a foot and ankle injury, and head coach Brian Daboll told reporters he is likely out for the rest of OTAs. The 2019 undrafted free agent out of Bemidji State has caught just 15 passes for 180 yards and a touchdown in 65 games with the New England Patriots, Pittsburgh Steelers, and Giants, but he was named a First-Team All-Pro selection in 2020 as a punt returner. The 27-year-old has returned 98 punts and scored two touchdowns as a returner, including a 94-yard return last season for the G-Men. Although an injury in OTAs is never ideal, he is expected to be ready for training camp later this summer.

Veteran quarterback P.J. Walker is signing with the Seattle Seahawks, according to NFL.com. The 29-year-old spent last season with the Cleveland Browns, completing just 48.6% of his passes for 674 yards, one touchdown, and five interceptions in six game appearances. Overall, the 2017 undrafted free agent has racked up 2,135 passing yards, six passing touchdowns, six interceptions, and 80 rushing yards in 21 career games with the Browns and Carolina Panthers. With Geno Smith and Sam Howell already on the Seattle roster, Walker is likely capped at being the team's QB3 this offseason. He could become the team's emergency third quarterback in the regular season.

Sports Illustrated's John Shipley writes that he won't leave Jacksonville Jaguars wide receiver Parker Washington off any roster projections moving forward after he had a good offseason from what the media observed during offseason organized team activities. Washington only had 16 receptions on 21 targets for 132 yards and two touchdowns in nine games (one start) in his rookie campaign in 2023 after the Jaguars selected him in the sixth round out of Penn State. Most of Washington's production came after the team lost Christian Kirk to a season-ending injury in the second half of the year. He's a name to keep an eye on, but as long as Kirk, rookie first-rounder Brian Thomas and Gabe Davis stay healthy, it's hard to envision Washington having a role begin enough to warrant a roster spot in standard 12-team fantasy leagues.

Indianapolis Colts wide receiver Alec Pierce (foot) didn't take part in mandatory minicamp this week as a precaution after his foot was stepped on in practice last week. It's a minor injury for Pierce, who should be a full-go for training camp at the end of July. The 24-year-old wideout will be competing for the No. 3 job in Indy this year with rookie second-rounder Adonai Mitchell behind starters Michael Pittman Jr. and Josh Downs. The former second-rounder in 2022 out of Cincinnati hasn't really been on the fantasy radar in standard 12-team leagues in his first two years in the NFL, catching a total of 73 passes for 1,107 yards and four touchdowns, although a healthy Anthony Richardson at quarterback could change that if Pierce beats out Mitchell for the No. 3 job in training camp and the preseason.