Colts cap situation

General Manager Ryan Grigson didn’t want to talk about it. Jim Irsay officially called it “cap hell” at one point over the last week. One increasingly inaccurate source said on Twitter the Colts had an unbelievable amount of cap space with which to work. 

Either way, it turns out that the Colts are quite tight on cap space and will need more help to pursue any kind of substantial free agent help for a roster that has more holes than the Titantic has today sitting at the bottom of the Atlantic.

Pro Football Talk says the Colts sit at $11.6 million under the $120.6 million cap. That can obvious change if they decide to push some of the dead money into 2013 or if they manage to trade Dwight Freeney.