McAfee (knee) has decided to end his NFL career after eight seasons, Ian Rapoport of NFL.com reports.
McAfee will reportedly hang up his cleats to pursue a career in comedy. He retires at just 29 years old, earning two Pro Bowl bids and a First Team All-Pro honor. The veteran punter finishes with a 46.4 yards per punt average and posted a career-high 49.3 mark in his final campaign.
McAfee is slated to undergo surgery on his injured right knee this offseason.
McAfee has backed out of playing in the upcoming Pro Bowl as a result, looking to avoid further damage before the knee operation. He also stated this will be his third knee surgery in four years, but the 29-year-old will look to get back to full strength throughout the offseason.
The Colts signed punter Pat McAfee to a five-year deal, he announced Friday on the NFL Network.
McAfee would have been an unrestricted free agent if he didn't sign the deal by Tuesday.
Colts punter Pat McAfee will play out the 2013 season under his franchise tender, reports the Indianapolis Star.
"I'm ecstatic about the opportunity to be an Indianapolis Colt for at least another year,'' McAfee wrote to the paper in an email. "A long-term deal is obviously something that every player hopes to one day earn. But to have another year in a city that I love, playing for a team with the best locker room in the league and representing a fan base that is the best in the NFL is awesome.
"My focus and hope is that my talents help bring another Lombardi to an organization and a fan base that deserve it. More so than anything, I'm pumped to have another year to work in the beautiful community of Indianapolis."