Shrader signed with the Jets' practice squad Wednesday, Tom Pelissero of NFL Network reports.
Shrader signed with the Colts as an undrafted free agent in the spring and, due to a Matt Gay injury, he was their Week 1 kicker. He made all three PATs but didn't attempt a field goal. Since then, he has bounced off and on the team's practice squad. He'll now spend Wednesday competing with Riley Patterson to see who will kick for the Jets on Thursday against the Texans, as Greg Zuerlein (knee) is not expected to play.
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Spencer Shrader: Back with Indianapolis
Rotowire
Shrader signed with the Colts' practice squad Monday.
Shrader has been cut and re-signed to the Colts' practice squad multiple times this season. It won't be surprising if this continues to happen in future weeks unless Matt Gay suffers another injury, in which case Shrader would likely move to the active roster.
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Spencer Shrader: Cut from practice squad
Rotowire
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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Spencer Shrader: Let go by Colts
Rotowire
Shrader was cut from the Colts' practice squad Wednesday.
Shrader re-signed with the practice squad in Indianapolis on Monday after being let go by the team earlier in the year, but he'll now once again look for another opportunity elsewhere. The kicker went 3-for-3 on extra-point attempts in Week 1 against the Texans while filling in for an injured Matt Gay with the Colts.
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Colts' Spencer Shrader: Doesn't attempt field goal Sunday
Rotowire
Shrader converted all three of his extra-point tries but did not attempt a field goal in Sunday's 29-27 loss to the Texans.
Matt Gay (hernia) was unable to practice leading up to Week 1, which prompted the Colts to promote Shrader from the practice squad. Shrader didn't end up attempting a field goal in Sunday's loss, though he was perfect on all of his extra-point attempts. Shrader will likely be elevated to the active roster for Week 2 against the Packers if Gay is unable to participate in practice.
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Colts' Spencer Shrader: Set for kicking duties
Rotowire
Shrader is in line to assume kicking duties for the Colts in Week 1 against the Texans after Matt Gay (hernia) was declared inactive.
Shrader was called up from the practice squad Saturday, and the rookie out of Notre Dame will now make his NFL debut. During his fifth collegiate season with the Irish, Shrader converted on 15 of 22 field-goal attempts and 61 of 62 extra points. While the accuracy wasn't tremendous, he did connect on four kicks of 50-plus yards that season.
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Colts' Spencer Shrader: Added to active roster
Rotowire
The Colts elevated Shrader from the practice squad Saturday ahead of Sunday's game against Houston.
Matt Gay missed practice all week after undergoing surgery on a sports hernia following Indianapolis' last preseason game Aug. 22. Shrader's promotion would appear to indicate Gay won't be available Sunday, but official word on the Colts' plans at kicker won't be available until the team announces its inactive list 90 minutes prior to the 1 p.m. ET kickoff.
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Spencer Shrader: Staying in Indianapolis
Rotowire
Shrader signed with the Colts' practice squad Thursday.
Shrader was facing an uphill battle to beat out Matt Gay for the team's kicker job, but he did manage to earn a spot on the practice squad. An undrafted free agent out of USF, Shrader will likely have a chance to be promoted to the active roster if Gay gets injured.