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Colts Capology: Where do the Colts stand Salary Cap Wise after Stephon Gilmore’s New Deal?

The contract details for new Indianapolis Colts Pro Bowl cornerback Stephon Gilmore have officially emerged—after a few days of speculation:

Full details on the #Colts contract for new CB Stephon Gilmore:
— It’s a 2-year deal worth a base value of $20M with a max value of $23M.
— It includes $10.51M fully guaranteed and $14M in total guarantees.
— Gilmore will get a Year 1 payout of $10.02M.— Ian Rapoport (@RapSheet) April 19, 2022

It now raises the question of where the Colts stand salary-cap wise, after providing Gilmore such a lucrative (but still fairly team friendly) multi-year deal.