The Indianapolis Colts are going to have another offseason with boatloads of salary cap space in free agency, but they got even more help with the NFL revealing a projected increase in the salary cap for 2020.
While it isn’t official yet, the NFL made it known that the projections for the 2020 salary cap lies between the range of $196.8 million and $201.2 million. The Colts will have plenty of money to play with in March.
The NFL informed clubs today that projections for the 2020 salary cap are in the range of $196.8 million to $201.2 million. This marks a 40% increase from five years ago in the 2015 season ($143.3 million).
— Ian Rapoport (@RapSheet) December 10, 2019
The Colts are projected to be among the teams with the most salary cap space again. Per Spotrac, the Colts are currently listed with $108.1 million in salary cap space, which is behind only the Miami Dolphins projection ($108.98). That is based on a projected salary cap of $199 million.
There are several areas the Colts could be in the market for. Adding to the pass rush is always a necessity, and there is good reason to believe they should be active in the wide receiver market.
With T.Y. Hilton increasing in age and dealing with injuries at a higher rate recently, the Colts need to find more starting depth in the wide receiver room. Entering free agency, that is likely their top need.
It will be interesting to see if general manager Chris Ballard changes his process at all when it comes to spending heavily. Given that the Colts desperately need help at wide receiver and at some other positions, it could happen.
Regardless, they will have the resources to spend willingly if he feels the need to do so.