Phillips, an 11-year veteran, was waived by the Tennessee Titans on Tuesday. He signed a two-year deal with the team as a free agent in May, receiving a $750,000 signing bonus and a non-guaranteed $1.5 million base salary this season. He's due to earn $2.55 million in 2015, which the Colts will also have him for.
In a corresponding move, the Colts waived linebacker Victor Butler.
In 11 games with the Titans, Phillips recorded two sacks and 19 tackles. According to Jim Wyatt of The Tennessean, the Titans hope to give some younger pass rushers opportunities down the stretch.
Phillips played for the San Diego Chargers from 2004-2012, making the Pro Bowl in 2010. In 2013, he signed a one-year deal with the Denver Broncos and led the team in sacks (10.0) en route to a Super Bowl berth. For his career, Phillips has recorded 81.5 sacks and 527 tackles in 163 games.
The Colts rank ninth with 28 sacks. At 7-4, Indianapolis leads the AFC South and hosts the Washington Redskins on Sunday.
- Mike Fiammetta