The Indianapolis Colts have parted ways with veteran cornerback Kenny Moore, a move that carries significant salary cap implications for the team. Moore, a longtime staple of the Colts' secondary, was entering the final year of his contract. His release frees up valuable cap space but also leaves behind some dead money.

Before the release, Moore was set to earn a base salary of $9.49 million for the 2026 season, plus up to $510,000 in per-game roster bonuses. Additionally, a prorated signing bonus of $3.2 million would have counted against the cap. All told, Moore's cap hit would have been $13.11 million if he remained on the roster.

By releasing Moore, the Colts save $7.06 million in cap space for the upcoming season, according to Over the Cap. However, they are left with a dead cap charge of $6.05 million, meaning Moore will still count against the 2026 salary cap despite no longer being on the team.

This move hasn't been officially factored into OTC's numbers yet, but the Colts had roughly $26.62 million in cap space prior to the transaction. With the savings, they now project to have just over $34 million available, giving them the eighth-most cap space in the NFL. At this point in the year, even if the Colts explore free agency, no signing is likely to break the bank. Most of that cap room will probably go unused in 2026 and roll over to the 2027 season, giving the team more flexibility down the road.