According to PFF, the Indianapolis Colts currently have the NFL’s 5th most available team salary cap space with a projected $62.8M of ‘wiggle room.’
That being said, a good majority of that could be eaten up with potential long-term contract extensions of key pending free agents including wideout Michael Pittman Jr., cornerback Kenny Moore II, defensive tackle Grover Stewart, and safety Julian Blackmon among others.
However, the Colts are the beneficiaries right now of having starting quarterback Anthony Richardson on a rookie contract for potentially four more seasons, meaning it may be time to take greater advantage of it and be a little more aggressive in free agency.