Colts Cap Update – 13 March 2017

[sherck]

St Patty’s Day Cap Update – 17 March 2017

On 08 March 2017, the Colts started with around $49.418m in free cap space to use to sign new free agents. Since then, the Colts GM Chris Ballard has made the following moves:

$8.000m (-) = Re-signed TE Jack Doyle (actually happened previously but the numbers were not out yet)
$1.937m (+) = Traded TE Dwayne Allen to the Cheats
$0.598m (-) = Cap hit for new 4th round draft choice #137 overall from the Cheats
$0.501m (+) = Cap savings for traded away 6th round draft choice #200 overall to Cheats
$2.500m (+) = Released CB Patrick Robinson
$1.750m (-) = Signed P Jeff Locke as our new starting Punter
$5.843m (-) = Signed OLB John Simon as new starting OLB[EDGE]
$2.000m (-) = Signed OLB Barkevious Mingo as rotational pass rush specialist / Special Teamer
$9.968m (-) = Signed OLB Jabaal Sheard as new starting OLB[RUSH]
$2.068m (-) = Signed DE Margus Hunt as rotational defensive end depth / Special Teamer
$1.300m (-) = Signed OC/OG Brian Schwenke as potential starting right OG or veteran interior depth
$1.381m (-) = Signed RB Robert Turbin to be the primary rotational RB with Frank Gore (and/or a rookie)

We don't have numbers for new NT Al Woods but it is reported that his deal is 2-year, $5m total so we will use the number of $2.500m as his 2017 cap hit

$2.500m (-) = Signed NT Al Woods to be a rotational NT in our 3-4 defense (with who?)

$18.948m still available to sign free agents.


From a cap standpoint, the only guy that I wonder if we overpaid is Sheard. We paid him like a pass rusher (who are always overpaid) but he is not a double digit sack master. He has had at least 7.0 sacks a season in 3 of his 6 seasons and at least 5.0 sacks in 2 other seasons but we paid him as if he were a rush OLB and he really is not.

Alas, anyone who sacks the QB get overpaid in this league so we probably overpaid him....but honestly not by much I don't think.

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So, Ballard has used $30.470m of cap space to add nine new bodies to a sub-standard roster while getting rid of two underperforming bodies:

OFFENSE
Re-sign our stud young TE offensive weapon (Doyle)
Trade away our highly paid but underperforming other TE (Allen)
Sign a potential new starting right OG or else our primary depth at OC/OG (Schwenke)
Re-sign our #2 RB (Turbin)

DEFENSE:
Cut our underperforming CB2 (Robinson)
Sign 2 new starting OLBs (Simon and Sheard)
Sign 2 cheap, underperforming but with potential defensive front-7 depth players (Mingo, Hunt)
Sign rotational NT (Woods)

SPECIAL TEAMS:
Sign a new Punter (Locke)


As long as we can sign one of the ILBs left on the market (Brown, Hodges, Minter) and re-sign Butler than I think we will have done a pretty good job of filling quite a few holes in free agency.

Cheers,