Fact = Colts were unable to work out a trade for Hankins, ergo, he was released before the guarantees kicked in.
Whether or not they “tried” is now moot, but regardless, CB is an “insider” and he’s not stupid. I find it hard to believe the Colts did not explore their options. I mean really, though ... “Let’s cut Hankins.” Then hours later, upon reading it on the Colts forum, “Doh! Dumb me, I didn’t even THINK to try and trade him to see about getting something of value, before cutting him. Man, those forum fans sure are smart.”