Thursday, August 27, 2026
The FOS App Launches September 1 Pre-save on the App Store Today

Colts Have Cap Space But No Starting QB

  • With Carson Wentz off to Washington, Indianapolis is $69.3 million under the salary cap.
  • The Colts have nine selections in the 2022 draft — but none in the first round.
Marc Lebryk-USA TODAY Sports/Design: John Regula

On Wednesday, the Colts ended the failed Carson Wentz experiment, sending the veteran quarterback to the Washington Commanders in exchange for three draft picks.

Since Peyton Manning’s departure in 2010 and Andrew Luck’s stunning early retirement in 2019, Indy has been on a QB carousel

According to the NFL, the Colts are the only team in league history to go four consecutive seasons with a different QB starting 15-plus games: Luck, Jacoby Brissett, Philip Rivers, and Wentz.

Wentz arguably cost them a playoff appearance, and he’ll affect them in the 2022 draft — though there is a silver lining.

  • They hold nine selections, but don’t have a first-round pick — because they sent it to the Eagles for Wentz.
  • But Washington will pay the full $28M due Wentz, leaving the Colts with the most cap space ($69.3M).
  • With Sam Ehlinger and James Morgan the only QBs on the roster, Indy currently has the league’s lowest combined cap hit ($1.7M) at the position.

The Colts aren’t likely to land their next franchise QB in this draft, so GM Chris Ballard will have to find the 2022 starter via free agency — Mitchell Trubisky, Jameis Winston, Marcus Mariota — or a trade. 

Possible trade candidates include the 49ers’ Jimmy Garoppolo, who is in the final year of a five-year, $137.5 million contract ($27M cap hit), the Raiders’ Derek Carr ($20M), or the Vikings’ Kirk Cousins ($45M).

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Owners Remain Confident About Roger Goodell Extension

The owners did not discuss it Wednesday during their meeting.

Jed York Absent From NFL Owners’ Meeting

49ers CEO Al Guido was the team’s primary representative.

Gov. Landry: SEC ‘Creating a Legal Mess’ Over Athlete Eligibility

“Don’t hate the player,” the Louisiana governor said. “Hate the game.”
podcast thumbnail mobile
Front Office Sports Today

A Conversation about Unrivaled’s $650M Valuation with Co-Founder Alex Bazzell

0:00

Featured Today

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
August 21, 2026

Why the Premier League’s Star-Power Shortage Doesn’t Matter

The world’s richest soccer league doesn’t rely on big stars to dominate.
August 12, 2026

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Joey Spallina of the Maryland Whipsnakes
August 6, 2026

How Eye Black Became ‘War Paint’ on the Field

“You’re going into battle, doing something you only do on game days.”
Aug 25, 2026; San Francisco, California, USA; San Francisco Giants first baseman Rafael Devers (16) and San Francisco Giants center fielder Drew Gilbert (0) celebrate after scoring against the Cincinnati Reds during the first inning at Oracle Park.
Exclusive

Kalshi Incorrectly Claimed Deals With Giants, Braves Were Exclusive

The prediction-market platform says the mistake was an accident.
August 25, 2026

What’s Next for Jed York After Prostitution Arrest?

The NFL and 49ers could take action.
August 26, 2026

NFL Owners Unanimously Approve Seahawks Sale

The Khosla family’s deal was officially ratified Wednesday.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
August 25, 2026

WNBA’s Sky Ban Kanter Freedom From Arena Indefinitely

Sky owner Michael Alter denounced the actions of the former NBA player.
August 25, 2026

Kalshi Lands 5 MLB Teams as Prediction-Market Boom Continues

Other teams are maintaining distance from the industry.
Aug 24, 2026; San Diego, California, USA; San Diego Padres center fielder Jackson Merrill (3) reacts after striking out during the eighth inning against the Pittsburgh Pirates at Petco Park.
August 25, 2026

Padres Will ‘Live Within Our Means,’ New Owners Say

The Padres rank seventh in the league in luxury tax payroll.
August 23, 2026

‘Natural Next Step’: Brenda Song Takes Rams Fandom to Broadcast Booth

The actress has become an increasingly visible Rams ambassador.