According to NFL Network’s Ian Rapoport, the Indianapolis Colts reportedly restructured veteran wideout T.Y. Hilton’s 1-year, $8M deal to create a little bit of additional team salary cap space:
The #Colts restructured WR TY Hilton’s 1-year contract to create $2.3M in cap room to help them operate, source said.— Ian Rapoport (@RapSheet) October 21, 2021
Currently, OverTheCap lists the Colts as having $1.8M of current cap room, so that figure should slightly increase with Hilton’s latest restructuring—by a reported $2.3M to be exact.
The Colts franchise’s 3rd-time all-time leading receiver made his 2021 debut last weekend against the Houston Texans (Week 6) and put together a solid outing, with a team-high 4 receptions for 80 total receiving yards.
Hilton was forced to leave the blowout victory late with a quad injury. He did not practice on Wednesday and is currently labeled ‘day-to-day’—although it doesn’t sound like an overly serious injury all things considered.
His evolving injury status ahead of Sunday Night Football against the San Francisco 49ers is worth monitoring as the week progresses—especially in the wake of fellow speedster Paris Campbell (foot) being recently placed on injured reserve again—as one of the few potential remaining true deep threats.
Perhaps this latest salary cap restructuring is a precursor to the Colts adding some veteran reinforcements to the 53-man active roster—as the team is particularly banged up in their starting secondary right now (with both Rock Ya-Sin and Julian Blackmon on the mend).