Colts Sitting at $7.1 Million in Cap Space

Pro Football Talk has been keeping up with the cap space each NFL franchise has available throughout the off-season. As of Monday, August 15th, PFT reports that the Colts are sitting $7.1 million under the cap. This certainly gives the team enough room to consider making more moves prior to the regular season. What is unclear is if the team intends to do so and who the team might have in their sights.

It seems possible at this point that the front office is being financially frugal in order to both lower the market for higher profile players and waiting for quality free agents to hit the market after the cut down periods on August 30th (90 to 75 players) and September 3rd (75 to 53 players). It’s actually common for Indianapolis to target at least one player from the final cut down. In 2010 that player was OT/G Joe Reitz. In 2009 it was LB Cody Glenn. In 2008 those players included LB Buster Davis, DT Daniel Muir, and DT LaJuan Ramsey. The list goes on.

The players already on the market that Indianapolis would seem to have the most interest in (or should based on the current roster) include:

WR TJ Houshmandzadeh – @ALLsportsINTEL tweeted that both the Vikings and Patriots are out of the running for Houshmandzadeh… could leave the Colts as front runners
CB Kelvin Hayden
DT Pat Williams
S Chinedum Ndukwe

There are a couple of other players who could be dark horse (no pun intended) candidates for a spot in Indianapolis but beyond the players listed above, it seems the “wait and see” approach is more likely. If actual team interest is reported Coltzilla will bring it to you, otherwise only minor signings are likely until cut down days begin at the end in two weeks. The good news is, if the team wants to make a move, it has the money to do so.