Packers Erik Walden signs with Indianapolis Colts

CREATED Mar. 12, 2013 - UPDATED: Mar. 12, 2013

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  • Green Bay Packers Erik Walden get s stiff arm from Minnesota Vikings Joe Webb before he was brough down for a loss during the NFL PLayoff game between the Packers and the Vikings at Lambeau Field Saturday (1/5/2012). PHOTO BY JOHN KLEIN/JKLEIN@JOURNALSENTINEL.COM Image by John Klein

INDIANAPOLIS - The Indianapolis Colts have signed Green Bay Packers linebacker Erik Walden.

The team announced the "agreement in principle" on their website during NFL free agency day 1, March 12, 2013.

Walden has also played for the Dallas Cowboys and Kansas City Chief. He has been with the Packers since 2010.

In Walden 's last season with the Packers, he was making $700,000 a season. According to Bob McGinn with the Journal Sentinel, Walden signed a four-year deal with the Colts, for a reported $16 million.

According to PackersNews.com, the following players are unrestricted free agents:

RB Cedric Benson
WR Donald Driver
RB Ryan Grant
WR Greg Jennings
OLB Brad Jones
OLB Erik Walden

In addition, the Packers did not tender the following restricted free agents:

TE Tom Crabtree
LB Robert Francois
OLB Frank Zombo