*UPDATE, 3:15 p.m.* The Colts announced that they had agreed to terms with Frank Gore on what it believed to be a three-year contract.
Frank Gore is on his way to what promises to be his new home -- Indianapolis.
According to ESPN, the long-time 49ers running back, who initially was going to sign with the Eagles, instead will sign a three-year, $12 million deal with the Colts that includes $8.5 million guaranteed. Gore has been curious for months about how he’d fit with a Colts offense that’s run by one of the top quarterbacks in the league, Andrew Luck.
Gore and another University of Miami product, receiver Andre Johnson, are travelling to Indianapolis together. If both sign with the Colts, they will be reunited with offensive coordinator Rob Chudzinski, who had the same job with the Hurricanes when Gore and Johnson were players.
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The 49ers are believed to have offered Gore a one-year deal worth as much as $4 million.
The team likely will head into the 2015 season with Carlos Hyde as its lead runner but with a rotation that includes Kendall Hunter and perhaps a free-agent acquisition. The 49ers have been linked to C.J. Spiller and Reggie Bush.
Read Matt Barrows’ blogs and archives at www.sacbee.com/sf49ers.