Yes, the Indianapolis Colts were the NFL’s worst team this season, and no, the Colts do not hold any extra selections for the 2012 NFL draft.
That said, the Colts go into the 2012 NFL draft holding the most valuable No. 1 overall draft selection in many years, which alone merits positioning on this ranking.
The Colts are expected to draft and keep Stanford’s Andrew Luck to be the long-term franchise quarterback, potentially as an immediate replacement to Peyton Manning. Of course, Manning is among the NFL’s all-time greatest quarterbacks, making this a very tough decision for the Colts. Either way, holding the No. 1 overall pick gives the Colts a tremendous pair of options.
The Colts can either draft Luck, one of the best quarterback prospects ever coming out of college, or they trade the pick to the highest bidder. It's guaranteed that if the Colts choose to pursue the latter option, there will be bidders.
Luck is considered to be a very special talent at the NFL’s most important position, and there will be numerous teams with a need at the quarterback position interested in trading up if they have any possibility of doing so.
If the Colts trade down, they will be able to command a massive package of draft picks, which will put them in position to load up on talent in the 2012 NFL draft.
If they keep Luck, the Colts will be selecting a long-term star of the franchise. They will still hold a top-two pick in every round throughout the draft, giving them many opportunities to draft quality players to build around Luck.