Allen is absolutely replaceable at a much lower price tag. He's an above average TE getting paid like a good TE. Part of building a winning roster is having guys who are worth what they are paid and Allen was not.
The Colts will probably get about the same production out of their TEs next year, add a nice chunk of cap space in 2017-2019, and move up about 55 picks in the process. This is a good deal. If you don't think so, you're too high on Allen.
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