Where the Colts stand with the salary cap
Colts cap space sits near $20M after adjustments, with key roster decisions looming this offseason
Indianapolis Colts General Manager Chris Ballard speaks with media Thursday, Jan. 8, 2026, at the Colts practice facility in Indianapolis. | Mykal McEldowney/IndyStar / USA TODAY NETWORK via Imagn Images According to Over the Cap, the Colts currently sit at roughly $26.
6 million in available cap space for the 2026 season. That’s the official number, but the real number is lower. Teams typically need to reserve around $3 million for in-season transactions (injuries, practice squad elevations, emergency signings) and another ~$3 million to account for their incoming draft class (no first round pick helps in this case).
Once you factor those in, the Colts are realistically working with about $20–21 million in usable cap space for the rest of the offseason. While $26. 6 million sounds comfortable, $20 million is where actual roster decisions start getting tight.
That’s not “fill every hole” money. That’s “pick your spots carefully” money. The 2027 Picture Isn’t As Clean As It Looks Also according to Over the Cap, the Colts currently project to have around $88 million in cap space in 2027.