The 2025 season for the Indianapolis Colts was a rollercoaster, marked by a dramatic shift in fortunes. Daniel Jones, having won the starting quarterback role over Anthony Richardson, led the NFL's top offense and shed the "bust" label that had followed him.
He seemed poised to be the Colts' long-term answer at quarterback. But then, disaster struck with a torn Achilles, putting him in a tricky spot as he approaches free agency.
Without the injury, Jones would likely have been the most sought-after free agent. Even with the uncertainty of his recovery timeline, he's still considered the top quarterback option on the market. However, with many teams already settled at the quarterback position or eyeing the draft for their future star, the Colts remain the most logical destination for Jones.
The financial implications are complex. Had he stayed healthy, Jones would have commanded a hefty contract.
Now, a "prove-it" deal might be more realistic, though the Colts could opt to secure him with a long-term contract. Quarterbacks come with a high price tag, and the Colts, with $32 million in cap space according to Spotrac, will need to be strategic.
Allocating funds to Jones and other free agents could mean making tough decisions elsewhere on the roster.
Alec Pierce, the Colts' dynamic deep threat, is another key free agent. Leading the NFL in yards per reception for two consecutive seasons, Pierce stretches defenses and complements Jonathan Taylor's ground game. Retaining him is a priority, but it might necessitate some financial gymnastics.
Ashton Dulin could be a casualty of these cap considerations. Though valuable on special teams, his limited role in the receiving game and injury history make him expendable. Cutting Dulin, who carries a $3.57 million cap hit but only $670,000 in dead money, could free up necessary funds.
Zaire Franklin is another potential cut. Despite leading the team with 125 tackles last year and earning a Pro Bowl nod in 2024, his performance dipped.
Pro Football Focus rated him poorly, and heading into his age-30 season, the Colts might decide it's time to move on. Releasing Franklin would clear $8.2 million off the books, offering more flexibility for what promises to be a pivotal offseason.
For the Colts, this offseason is about balancing talent retention with financial prudence, ensuring they remain competitive while navigating the complexities of the salary cap.