James is the cousin of the Colts' career rushing leader, Edgerrin James, and spent the entire preseason with Indianapolis. He was released Sept. 4 and joined the New England Patriots' practice squad two days later.
James was released Tuesday night by the Patriots, and was immediately signed to the Washington Redskins' practice squad.
After practicing Wednesday with the Redskins, the Colts signed him to the active roster. That's three teams in three days.