
OK, Colts fans, you've enjoyed your 18 hours or so as Super Bowl champions. Now let's talk about next year.
The guy in the picture is Colts general manager
BIll Polian, and he's in charge of the team's off-season activities. The Colts' salary cap situation is widely perceived as a mess, with a lot of big-money stars, notably Peyton Manning, Marvin Harrison and Reggie Wayne, taking up huge portions of the team's payroll. The Colts have 12 unrestricted free agents and only about $2.5 million in cap room.
But ESPN's John Clayton, who puts other reporters to shame with his understanding of the salary cap, points out that
the numbers can be deceiving. First of all, Manning will almost certainly restructure his contract in the next month or two, converting a $10 million roster bonus into a signing bonus and therefore saving the Colts $8 million on next year's cap. Clayton also notes that two players who are on the books for a good-sized portion of next year's cap, Brandon Stokley and Corey Simon, contributed nothing this year, and therefore won't be missed if they're released.
As for the team's free agents, the most likely scenario is that the Colts will spend the money necessary to keep defensive end Dwight Freeney, will probably keep either linebacker Cato June or running back Dominic Rhodes (but not have the money to keep both) and then go with a youth movement in the secondary, allowing veterans Nick Harper and Mike Doss to go but drafting someone to take their places.
Do you really think if they lose June, Harper and Doss, that makes them incapable of repeating? I don't. So despite that relatively paltry $2.5 million under the cap, we're talking about a 2007 Colts team that will look a lot like this season's. That means we may be talking about the Colts again at this time next year.