[sherck]

Colts Cap for 02 April 2018:

$177.200m = 2018 NFL Salary Cap
$016.837m = 2017 Colts Cap Rollover
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$194.037m = 2018 Colts Salary Cap

$130.870m = Top 51 Current Contracts
$001.110m = Spots 52/53 on Active Roster
$001.779m = Dead Money
$011.053m = Projected Draft Pool (#6 + 3 2nd rounders is expensive)
$001.200m = 10-man Practice Squad
$003.000m = In-Season "Churn" Space
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$149.012m = 2018 Cap Obligations

$045.025m = Free Cap Space to spend on Free Agents

For 2017, we spent 90.2% of our maximum cap space.

For 2018, we are currently spending 76.7% of our maximum cap space.

If we don't spend another penny in 2018 (will not happen), then we would have to average spending 94.6% of our cap in 2019 and 2020 in order to hit the 89% cap minimum (89% x 4 = 356 - 90.2 - 76.7 = 189.1 / 2 = 94.6% for each of the next 2 years).

If a team fails to hit the 89% average, then their cap situation is not changed AT ALL and instead the team needs to pay the Players Union directly the amount that they did not spend in order to distribute it to all the various things that the Players Union supports.

We will spend more of our cap; it will just be during the "surprise veteran" cut phase of free agency after the draft.

As a guide, if we did not back out all the known future expenses of the cap (spots 51/52, practice squad, churn space, draftees), then the Colts would have a "media" free cap space of $61.387m.

Top Media "Free" Cap Space Amounts:

01. = CLE = $70.626m
02. = IND = $61.387m
03. = TEN = $44.102m
04. = SF.. = $42.896m
05. = NYJ = $33.301m
06. = CHI = $31.709m
07. = HOU = $31.374m
08. = OAK = $21.157m

So, that Oakland number then needs to have the future costs backed out of it meaning that they only have about $5m of true "free" cap space available to sign anyone new.

So, the above 7 teams still have cap space to play with free agents without restructuring or cutting current players.

We are in pretty good shape to fill holes once that phase of free agency comes after seeing what we end up with in the draft.

More veterans will be signed. But, I expect us to carry cap space into 2019 as well.

Walk Worthy,