Tight end Jack Doyle announced his retirement from the NFL on Monday and because he still had one year left on his contract, the Indianapolis Colts got a bit of a bump in salary cap space.
As the league set the 2022 salary cap at $208.2 million, the Colts now know exactly where they stand. Doyle’s retirement saved them roughly $5.45 million while the team incurs a dead-cap hit of $750,000.
As it currently stands with a week until free agency, the Colts have $42.47 million in salary-cap space, according to Over The Cap. In effective salary-cap space (i.e. top-51 rule), the Colts have $40.9 million in salary-cap space.
