As the first week of free agency has come and gone, the Indianapolis Colts have made drastic changes to their roster by making big trades and big signings, both of which have had an impact on the team’s salary cap space.
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Opening the offseason with the second-most salary-cap space in the league, the Colts made some big moves. They traded for and signed defensive tackle DeForest Buckner, they signed Anthony Castonzo to a contract extension and they brought in quarterback Philip Rivers on a one-year deal.
All of this—plus some smaller moves—has had a massive impact on the salary cap. Depending on which site you use, the Colts have somewhere between $28–29 million in salary-cap space.
Over The Cap has the Colts sitting with $28.1 million while Spotrac has Indy looking at $29.3 million. The difference likely comes from the discrepancy in how much dead-cap the Colts owe to Brian Hoyer. Over The Cap has it listed at $4 million while Spotrac has it listed at $2.95 million.
Just know that the Colts have a little bit under $30 million in salary-cap space following the deals of Buckner, Castonzo and Rivers.
With no plans to move on from Jacoby Brissett, which would save them a pretty penny, the Colts still have enough room to make a move or two. It wouldn’t be splashy, especially with the draft pool taking up a chunk of the cap space.
However, there are still some viable options on the market at positions of need. Maybe they come to terms with Jadeveon Clowney on a short-term deal. They could possibly target veteran cornerback Logan Ryan to replace the recently released Pierre Desir. Perhaps they bring in Devin Funchess or another depth-worthy wide receiver to a needy room.
Regardless, the Colts have made big moves and have room for more if they feel like it. It seems they are going all-in now so another signing wouldn’t be surprising.
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