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How much money do the Colts have available to pursue 2024 NFL free agents?

The NFL salary cap for each team is expected to exceed $240 million for the 2024 season, up from $224.8 million in 2023 and $208.2 million in 2022.

The exact figure will be announced before free agent negotiations can begin in mid March.

The Indianapolis Colts are expected to be in favorable position to re-sign or pursue players in free agency. Here are estimates of the amount of money available for NFL teams during the offseason.

(The figures can change with each transaction a team makes, but little should change from the end of the 2023 season until players start signing for '24. Estimates from Spotrac.)

Colts free agents: Players whose contracts expired after 2023 season

Under contract: Colts player salaries for the 2024 NFL season

Team

Estimated cap space

1. Washington

$89 million

2. Tennessee

$84 million

3. New England

$74 million

4. Colts

$73 million

5. Houston

$72 million

6. Cincinnati

$69 million

7. Chicago

$64 million

8. Detroit

$57 million

9. Arizona

$57 million

10. Las Vegas

$53 million

11. Tampa Bay

$47 million

12. L.A. Rams

$46 million

13. Carolina

$38 million

14. Atlanta

$37 million

15. N.Y. Giants

$36 million

16. Minnesota

$34 million

17. Kansas City

$30 million

18. Philadelphia

$28 million

19. Jacksonville

$24 million

20. N.Y. Jets

$15 million

21. Baltimore

$11 million

22. Green Bay

$6 million

23. Seattle

$2 million

24. Pittsburgh

$-7 million

25. Dallas

$-14 million

26. San Francisco

$-14 million

27. Cleveland

$-15 million

28. Denver

$-21 million

29. L.A. Chargers

$-38 million

30. Buffalo

$-43 million

31. Miami

$-43 million

32. New Orleans

$-90 million

This article originally appeared on Indianapolis Star: NFL salary cap 2024: How much money will the Colts have in free agency?