$189.000m = Estimated 2019 NFL Salary Cap
$049.594m = Roll-Over of unused portion from 2018 Colts Cap
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$238.594m = Colts 2019 Salary Cap
$114.512m = Current 2019 Colts Obligations
$001.125m = 2019 Dead Money (Basham, Green, Morrison most of it)
$002.145m = Estimated Draft Class (8 picks)
$003.000m = In-Season "Churn" Space
$001.300m = Practice Squad
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$122.082m = Colts 2019 Obligations
$116.512m = Cap Space Available to Sign Free Agents (our own and others)
2019 Colts Unrestricted Free Agents:
PK Adam Vinatieri, 45 years old
OG Matt Slauson, 33 years old
DE Marqus Hunt, 32 years old
NT Al Woods, 32 years old
FS Mike Mitchell, 32 years old
OT J'Marcus Webb, 31 years old
LB Najee Goode, 30 years old
WR Dontrelle Inman, 30 years old
WR Ryan Grant, 28 years old
CB Pierre Desir, 28 years old
TE Ryan Hewitt, 28 years old
SS Clayton Geathers, 27 years old
OG Mark Glowinski, 27 years old
DE Jihad Ward, 25 years old
I was going to go into a LONG explination of whom I think needed to be re-signed before free agency starts and how much but I decided that was a conversation for later.
Right now, I am hanging a price tag to re-sign: Glowinski, Desir, Geathers and Vinatieri to starter level contracts and Hunt, Inman and Ward to depth level contracts for a total of around $28m cap hit for 2019.
Restricted Free Agents = CB Chris Milton, LB Luke Rhodes, SS Corey Moore, OC Evan Boehm, OC Josh Andrews, RB Jonathan Williams, WR Chester Rogers, SS Matthias Farley and TE Ross Travis. The RFA tag for 2019 will range somewhere from $1.6m - $1.8m and my guess that a few of those guys will get the RFA tag. Call it $5m for 3 of them.
Total we can spend on other teams free agents = $83.5m
As for Ryan Kelly, he has, thus far, been paid $8.575m over the first 3 years of his career including his signing bonus. Year 4 of his rookie contract (2019) will pay him an additional $1.875m for a total of $10.450m.
If the Colts exercise the 5th year option on him for 2020 (which they should), that will pay him the average of the 3rd - 25th paid players at his position which for 2018 would be $5.78m.
$10.45m for his first four years in the league. Around $6m for year five alone. That sound pretty darn fair in my book.
In year six (2021), he will probably start making north of $10m a year but that is how the contracts are structured; both the NFL and players union wanted to stop paying so much to rookies and more to seasoned veterans who have shown they have earned it.
NO NEED to re-sign Kelly two years early.
Walk Worthy,
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Thad
The future is so bright; I gotta triple up!  
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