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According to NFL Network’s Tom Pelissero, the Indianapolis Colts have restructured defensive tackle DeForest Buckner’s contract to create an extra $2.5M of team salary cap space this upcoming season:
The #Colts converted $5 million of DT DeForest Buckner's salary this season into a signing bonus, clearing $2.5M in cap space. He'll still make $19.75M, which is now fully guaranteed.
— Tom Pelissero (@TomPelissero) April 12, 2023
Currently, the Colts have a projected $22.M of total available team salary cap space and don’t appear inclined to spend a significant chunk of it in the leftover waves of free agency—with almost all top free agents having already been signed to other teams (*although former Indy starting cornerback Rock Ya-Sin is still available).
It’s unclear what exactly this slight salary cap saving maneuver is a precursor for, but it has to be something. It could be a signal for a future contract extension for either running back Jonathan Taylor or wideout Michael Pittman Jr.—both of whom are set to become free agents at year’s end.
In any case, the Colts have a little extra wiggle room salary cap wise than the franchise did entering Wednesday.
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