Colts should have about $37M in cap space

INDIANAPOLIS -- It looks like Indianapolis Colts general manager Ryan Grigson will have even more salary-cap space to work with to improve the roster.

ESPN’s Adam Schefter reported Thursday that the salary cap is projected to be $130 million, which will be an increase from last year’s $123 million.

The increased cap projection means the Colts will have about $37 million in cap space. Their cap number, which includes salaries, penalties, dead money and future money, is $92,903,156.

Re-signing cornerback Vontae Davis is still at the top of the Colts’ list when it comes to retaining their own free agents. The Colts and Davis’ rep will likely have some kind of talks during the scouting combine this week in Indianapolis.

As I noted in a story posted Feb. 11, don’t be surprised if Grigson doesn’t use up all of the team's cap space because the Colts will have to pay quarterback Andrew Luck a hefty salary at some point.