Indianapolis Colts CB Nick Graham has been told he will be waived by the team on Saturday, a league source told Scout.com. Graham was originally signed by the Philadelphia Eagles as an undrafted free-agent in 2007 and signed with the Colts last season after being waived by the Eagles during training camp of 2008.

With Graham and 2007 third-round pick Dante Hughes expected to be waived, that will leave the Colts with six cornerbacks, but at least one more will likely be released.

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