The NFL has reportedly set the salary cap for the 2017 season at $167 million, the NFLPA confirmed this morning.
That represents another significant increase in cap space from year-to-year, as it’s an increase of $12 million from last year’s number. The $167M number is also in line with what teams have been expecting, as last week Colts’ capologist Mike Bluem said that it would be around $170 million.
The $167M number is the base salary cap number, but the actual cap number for each team varies depending on how much unused cap space they carried over from last year. The Colts carried over around $6.6 million, which puts their official cap number for the 2017 season at $173,614,106. Based on that and using Over the Cap’s numbers, the Colts should have $53,238,812 in cap space to work with this offseason.
The Colts don’t have many key free agents to re-sign, either. Jack Doyle is the top one, and then there are other guys like Darius Butler, Mike Adams, Erik Walden, and Robert Turbin who could garner consideration. But no one will break the bank, especially if the Colts don’t re-sign Doyle, and they’ll have a lot of money to work with entering the free agency period.