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Report: 2023 NFL Salary Cap Set at $224.8M for the Colts—and Every Other NFL Team

The final total salary cap number is reportedly in place for next season.

NFL: DEC 04 Colts at Cowboys Photo by Jeffrey Brown/Icon Sportswire via Getty Images

According to NFL Network’s Tom Pelissero, the Indianapolis Colts are projected to have a set total salary cap of $224.8M in 2023—along with every other NFL team:

The Colts have roughly $13M of total available team cap space, and that number is expected to only rise—as veteran starting quarterback Matt Ryan’s release could free up another $17.2M of total available team salary cap space.

The Colts do have some priority free agents to highly consider re-signing including defensive end Yannkick Ngakoue, linebacker Bobby Okereke, wide receiver Parris Campbell, linebacker E.J. Speed, and place kicker Chase McLaughlin.

However, that roughly $30M of available team salary cap space (*also predicting a Matt Ryan release here) does give the Colts the opportunity to meaningfully fill a key hole or two—or retain some of their own, this offseason (at least in a vacuum).