If the Colts decide to part ways with Leonard after the 2023 NFL season:
$20.124m = 2024 Cap Hit
$08.000m = Dead Money left on contract
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$11.876m = Cap Savings in 2024 if Leonard is cut.
Colts currently have $70.636m in free cap space for 2024 (only counting the top 51 out of season cap hits). Adding Leonard's free cap would move us from #7 in free cap space in 2024 to #3 behind only the Patriots and Bears.
Of note, in this scenario, the top five in free cap space would be:
1. NEP = $96.210m
2. CHI = $95.268m
3. IND = $82.512m
4. TEN = $80.786m
5. HOU = $75.757m
With #3, #4 and #5 all being in the AFC South, it could be a wild free agency ride next spring for our division.
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