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A settlement is in the works that will sever ties linking the Indianapolis Colts and defensive tackle Corey Simon. Describing the multimillion-dollar investment in the former Pro Bowl selection prior to the 2005 season as a "bad mistake,'' owner Jim Irsay said Wednesday night the team and representatives for Simon are on the verge of a resolution that will make Simon a free agent and enable him to seek employment with some other NFL team. "I foresee us basically coming to a settlement in terms of moving forward and him pursuing his opportunity if he chooses to someplace else,'' Irsay said. "We're moving forward and he wants to move forward. It's better to get it resolved instead of have it linger. I see it happening in the next day or two.'' -- Indy Star

Irsay: Simon on way out | IndyStar.com