The Indianapolis Colts find themselves in a position to build off a surprisingly solid season despite many things going against them.
Now, they enter the 2024 offseason with a lot of salary-cap space and a young quarterback who will look to take the next step after his rookie season was cut short due to injury.
According to Pro Football Focus, the Colts are among the five teams that are best set up for the future.
4. INDIANAPOLIS COLTS ($58.9M IN CAP SPACE)
The Colts don’t have quite as much cap room as the Titans, but given where quarterback Anthony Richardson was selected in the 2023 NFL Draft, they will be confident that they have the position figured out for the foreseeable future.
Perhaps they will look to make a splash on defense and add an impact defender like cornerback L’Jarius Sneed, who earned a 71.1 PFF grade with the Kansas City Chiefs this past regular season. But the biggest advantage of having so much cap room is that they can place the franchise tag on wide receiver Michael Pittman Jr. as they look to keep him around long term.
Re-signing Pittman is the first piece of action the Colts must take. Signing him to an extension would be ideal, but they also have the franchise tag in their back pocket if they need it.
Adding more explosiveness on the offensive side of the ball is necessary this offseason to help further the development of Anthony Richardson.
On the defensive side of the ball, adding to the cornerback room will help with the depth concerns. Whether they go after a big fish like Sneed remains to be seen because Ballard rarely spends up in free agency.
Regardless, the Colts have a solid foundation to build off going into the offseason, and it should be interesting to see how they go about things given they know who their quarterback is.
