The Colts restructured Kenny Moore‘s contract this week to create $3.8MM in cap room, per OverTheCap.
$4.75MM of the veteran cornerback’s 2025 salary was converted into a signing bonus. Since Moore’s contract expired after the 2026 season, the Colts added three void years to the deal to prorate his new bonus across five years instead of two. As a result, Moore’s cap hit rose by $950k in each of the remaining years. This type of restructure is known as a maximum restructure because it uses void years to create more cap space in the current year of the contract.
This particular restructure is notable because the Colts rarely use void years or maximum restructures despite their recent rise in popularity around the league. It could be an indicator that general manager Chris Ballard is looking to capitalize on a surprising 4-1 start with Daniel Jones under center with an aggressive move before the trade deadline. The team now has $7.63MM in cap space, which could be enough to make an addition in the coming weeks.
The Colts have been dealing with a number of injuries in their secondary since training camp and have been middling against opposing passing games to start the regular season. They are reportedly interested in free agent cornerback Tre Hawkins and could pursue a higher-profile defensive back on the trade market.
However, Ballard may also have been considering the team’s in-season expenses – i.e. practice squad elevations, signing injury replacements to the 53-man roster – when he completed the restructure. The Colts did not reduce Moore’s 2025 salary to the veteran minimum to create the the most space they could have. If Ballard was going shopping before the deadline, it would stand to reason that he would want as much cap space as possible to facilitate a deal.
Moore has been sidelined for multiple weeks with a hamstring injury, but it is not considered a major injury.