Colts officially announce Dwayne Allen trade to the Patriots

The Indianapolis Colts have officially announced their trade of tight end Dwayne Allen and a sixth-round pick to the New England Patriots in exchange for a fourth-round pick.

Allen, 27, moves on after five seasons with the Colts, who selected him in the third round of the 2012 draft. Allen had 126 catches for 1,451 yards and 19 touchdowns during his time in Indianapolis.

Allen (6-3, 265) is coming off a disappointing season in which he battled inconsistency and occasional injury after signing a four-year, $29 million deal with the Colts in March of 2016 in which he had 35 catches for 406 yards and six touchdowns. The Patriots will be bringing Allen in to replace Martellus Bennett, who is departing New England in free agency.

The Colts now have seven picks in the first four rounds of the 2017 NFL Draft, three of them in Round 4. The trade also allows the Colts to save some money in the short term as Allen is due a $2 million roster bonus and $2.5 million in guaranteed salary on March 14. Allen is also due for cap hits of $4.9 million in 2017, $4 million in 2018 and $7.4 million in 2019.

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