The Indianapolis Colts have $35 million in projected cap space heading into the 2026 offseason, according to data from OverTheCap.com, a figure that places them among the teams with the most financial flexibility as they navigate a critical juncture for their quarterback situation.
The Colts currently have 60 players under contract, and hold seven total draft picks, though they lack a first-round selection. The team’s offseason plans are complicated by the uncertain health of quarterback Daniel Jones, who experienced a promising start to the 2025 season before being sidelined by injury. His availability for the start of the 2026 season is considered highly unlikely, necessitating a strategic approach to finding a signal caller.
The Colts’ mid-season push for a playoff berth in 2025 ultimately fell short, a result compounded by Jones’ injury. This outcome has prompted a reassessment of the team’s trajectory, and a careful consideration of how best to utilize their available cap space. Whereas free agency presents opportunities, the Colts must prioritize addressing the quarterback position.
One potential avenue is pursuing quarterbacks released by other teams who carry significant salary commitments. Signing such a player at the veteran minimum could provide a short-term solution without further straining the cap. Alternatively, the Colts could explore trade options, though acquiring a first-round draft pick in return for current roster players may prove challenging, according to team analysts.
Beyond the quarterback situation, the Colts face a fifth-year option decision regarding defensive tackle Anthony Richardson. The team will also need to consider the future of wide receiver Alec Pierce, who is considered their most notable free agent. A potential roster cut could involve defensive tackle Grover Stewart, a move that would free up additional cap space.
According to Pro Football Network’s salary cap tracker, the Colts’ total cap is $270,338,142, with $268,433,497 currently allocated to active players and dead money. The team’s effective cap space, accounting for the signing of at least 51 players and projected rookies, is $33,584,759.
The Colts’ front office will need to balance the need for immediate improvement with long-term sustainability. Their cap situation allows for flexibility, but strategic decision-making will be crucial to maximizing their resources and building a competitive roster for the 2026 season.
