#41
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Spotrac and OvertheCap are estimating the Colts to have about $22M or $23M left for this season - and they have all of this year's contracts captured except for Flacco and Ronnie Harrison. |
#42
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Also, the $23M available cap space on OTC is ~$3M less than if you just do the math w/ the top 51. So I think it probably includes some rookie pool assumptions, etc. So we could definitely still fit in Blackmon but will need to make additional space for Sneed. |
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Racehorse (03-17-2024) |
#43
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I don't have my spreadsheet in front of me (away from home on a business trip) but my back of the napkin math is: $251.560m = Top 51 salary cap hits $001.600m = Spots 52 + 53 $008.422m = Dead Money $004.000m = Rookie Pool (The real rookie pool is around $9.113m but some of that will offset players already counted for the 51/53 so I am estimating a "new" cap hit of around $4m) $006.134m = 16 player practice squad $005.000m = In-season churn space ========= $276.716m = Colts 2024 In-Season Cap Obligations $260.740m = Colts 2024 adjusted salary cap So, as you can see, the Colts are actually "over" the in-season cap but not the off-season cap because they don't have to count spots 52 and 53, rookies, practice squad or churn space in the off-season. Ballard is going to have to "trim" some money by replacing higher paid folks with lower paid rookies (probable), restructuring contracts or cutting a vet or two. Mo Allie Cox saves $5.920m from the cap if cut and is about the only "non-stud" veteran who moves the needle much. Sure, DeFo delivers $20m cap savings if cut, Braden Smith delivers $10.8m and Ryan Kelly $12.4m but I don't think we are cutting any of those guys to make space. Anyway, long story short, no, I don't think we are signing any other veterans.
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============== Thad The future is so bright; I gotta triple up! |
#44
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I was thinking we must be running close to the "actual" limit.
We can still make adjustments if we want to sign a free agent potentially. But as someone said a while ago, we have actually signed quite a few free agents....they just so happen to be our own. |
#45
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Thanks for the memories MAC. I know that the nfl hasn't placed Ogletree in the 'forgiven' realm, but it is probably just a matter of time. I did have high hopes for MAC and obviously CB did as well. I once met someone who went to high school with him. Said everyone was sure he'd make it in the nba.
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