Let’s see. By the end of January, Jim Irsay cleaned out the front office and fired the head coach.
By the end of March, Peyton Manning was gone, followed out the door by a parade of veterans, many with Pro Bowl pedigrees.
By the time of the draft, the Colts had a rookie general manager, a rookie head coach and were banking their future on a rookie quarterback and a supporting cast featuring multiple first- and second-year players.
By any definition, that’s rebuilding. With capital letters. Irsay acknowledged it. Fans know it. There’s no masking it.