The Indianapolis Colts were uncharacteristically among the big spenders this offseason, but still have enough salary cap space left to make some moves before the 2020 NFL draft if they want to.
Starting free agency with roughly $80 million in salary cap space, the Colts are now down to just over $24 million — the seventh-largest figure in the league, per Over The Cap.
The contract extensions for defensive tackle DeForest Buckner and left tackle Anthony Castonzo took big chunks of the cap space, as did the one-year deal for quarterback Philip Rivers.
After that, the Colts signed cheap one-year deals that barely impact the cap. Those came in the form of defensive tackle Sheldon Day and cornerbacks T.J. Carrie and Xavier Rhodes.
With $24 million left, the Colts could still make a move for a depth player, but their big spending is likely over. When considering the amount of money needed for the draft pool and the amount of money the Colts might roll over to 2021, a big contract likely isn’t on the way.
Chris Ballard’s frugality in recent offseasons has allowed for this big offseason of spending. It gave them the flexibility with the salary cap to add a player like Buckner on a four-year extension while also signing Rivers to a $25 million deal.