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The Colts cut Shrader from the practice squad Wednesday.
Shrader has bounced on and off Indianapolis' practice squad multiple times this season, and he's now been let go to make room for running back Salvon Ahmed. While filling in for an injured Matt Gay in Week 1, Shrader converted all three of his extra-point tries. It won't be surprising if he resurfaces with the Colts in some capacity again this year.
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