July 15, 2024

For a while now, the Indianapolis Colts have hovered around the edge of greatness. With a strong roster and knowledgeable coaching staff, they should be able to make a serious postseason run in 2024. The Colts have a great chance to strengthen their team with smart acquisitions in the approaching 2024 NFL offseason, even if they finished the 2023 season with a 9-8 record and missed the playoffs. These four intriguing free agents might provide

The Indianapolis Colts had a successful season in 2023. The Colts exceeded low expectations while being led by general manager Chris Ballard and new head coach Shane Steichen. They turned produced a winning record in 2023, surpassing their previous 4-12-1 record. Despite ending 9–8, they more than quadrupled their victories and missed out on winning the AFC South for the eighth straight year. The Colts’ final-week loss to the Houston Texans finally put an end to their hopes of making the playoffs.

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When healthy, promising freshman quarterback Anthony Richardson was reliable, and Gardner Minshew showed himself to be a good backup. Josh Downs and Zack Moss have become dependable offensive playmakers. Impressive pass rushers Samson Ebukam and Kwity Paye also attracted attention.

It’s critical to evaluate the Colts’ financial situation in 2024. The Colts are significantly in debt, with about $181 million set aside for active cap outlay on returning players. Just five players—Quenton Nelson, DeForest Buckner, Braden Smith, Ryan Kelly, and Jonathan Taylor—are the beneficiaries of nearly half of this money. Shaquille Leonard’s release also carries a dead cap charge of more over $8 million.

The Colts’ projected effective cap space for 2024 is $54.7 million after deducting current liabilities. Although significant, the Colts’ effective cap space ranking is fourth in the league according to this number. They do, however, have a long list of responsibilities, which includes filling roster gaps and re-signing important players. As a result, the available money will probably run out quickly.

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