With the passing of the new CBA this weekend, more information will be released for teams and how they can go about the offseason—especially when it comes to free agency.
The NFL informed teams on Sunday that the salary cap for each organization is set at $198.2 million for the 2020 season. The salary cap has steadily risen in recent years and took a $10 million leap from 2019.
The NFL Management Council just informed team officials the salary cap will be $198.2 million per club in 2020, per sources.
— Tom Pelissero (@TomPelissero) March 15, 2020
The Colts are among the teams with the most salary cap space entering free agency, which is still officially set to begin on Wednesday at 4:00 p.m. ET.
Most of the estimated calculations have been on a $200 million salary cap, which means the Colts are likely to have somewhere just over $80 million in salary-cap space this offseason.
General manager Chris Ballard hasn’t been one to completely splurge in free agency but now he will know exactly how much money he is working with. The Colts could be in the market to add some bigger named free agents this offseason, especially given the need for more friction in the locker room.
It should be an interesting offseason with everything going on in the sports world and while the new CBA might have its implications on how the Colts conduct business in free agency.
Now, they know just how much money they have left in salary cap.