Part of the Faulk story is not told by Polian. The Colts were going to keep Faulk and draft Chris Claiborne, who they thought was going to be the next Cornelius Bennett, who they just acquired in free agency. The wanted to have Bennett groom Claiborne, though they expected Caliborne to play right away. So, Mora and Polian are meeting with their scouting service and Moro goes to the bathroom. The scout asks Polian who they are drafting and Polian said "Claiborne". So the scout said (who was an NFL, not a college scout) is he a rush backer? No, Polian said, more of a every down backer. Then the scout asked what the 4th pick was going to cost, and Polian told him. Then he said what are you paying Bennett? And Polian told him. And he said, so you will have Bennett be a rusher? And Polian said, "No, that part of his career is over, we expect him to be a two-down player now". So the scout said, you you will have x million dollars on two linebackers that cannot contribute on thrid down, the most important down in football? Polian sat there, quitely, then here comes Mora and he sits down and Polian says "We're not drafting Claiborne" and then he looked at the scout and said, "Fuck you".
So, the colts reworked things and decided to take James over Ricky Willians, but James and their certainty that he'd be there when he was drafted allowed Colts to part with Faulk.