The Colts have signed former Texans outside linebacker John Simon to a three-year deal, a source tells ESPN.com’s Field Yates (on Twitter). He’ll earn $13.5MM deal with another $3MM in escalators, Tom Pelissero of USA Today tweets. Simon will make $6MM in the first year of the deal, Albert Breer of The MMQB tweets. 
J.J. Watt, Jadeveon Clowney, and Whitney Mercilus get the attention in Houston, but Simon is a quality edge rusher in his own right. Now, he might get some more attention for himself. He’s certainly in for a pay bump. The Texans have now lost three significant free agents in cornerback A.J. Bouye, safety Quintin Demps, and John Simon.
The Colts will likely slot Simon in as a starter at outside linebacker. The LB depth chart also features Edwin Jackson, Antonio Morrison, the newly-acquired Barkevious Mingo, Curt Maggitt, Deiontrez Mount, Deon King, and Luke Rhodes.
Simon, who can play at linebacker or defensive end, was ranked as our third-best free agent edge defender entering this week and made my Top 50 Free Agents list which ranked guys based on projected earnings.
Simon, 27 in October, had 51 total tackles and 3.5 sacks in 11 games last season. In the year prior, he played in all 16 games and totaled 49 tackles and 5.0 sacks.
The real question is now do the Texans draft a QB or a CB with their first pick?