Peavy (USATSI)
Hakeem Nicks suffered through a subpar contract season with the Giants in 2013. (USATSI)

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When former Giants receiver Hakeem Nicks entered free agency, his camp let people know that he wasn't opposed to taking a one-year, prove-it deal in order to potentially cash in next offseason in free agency. Though he came back the next day and said he actually wanted a long-term deal, a one-year deal is reportedly what he took after all.

According to ESPN's Adam Schefter, the Colts and Nicks have agreed to terms on a one-year contract. Reportedly, the deal is worth $3.5 million.

Nicks, ranked No. 49 on the CBSSports.com free agent list, had a subpar season in his contract year in 2013. He didn't catch a single touchdown pass last season, and that makes two-straight years of disappointments for Nicks.

Now, he'll go to Indianapolis where he'll play with quarterback Andrew Luck -- who gets another weapon to go along with receivers Reggie Wayne and T.Y. Hilton and tight ends Coby Fleener and Dwayne Allen. 

And Nicks was actually pretty cheap for Indianapolis.