All this talk about uncapped years has me wondering how our would be rivals, the Indianapolis Colts, will deal with one or more uncapped seasons. I've long been of the opinion that the Colt's backloaded contracts have created an untenable cap situation for them. [In honor of my analysis, Ryan the Colts fan has volunteered to donate to Miguel's favorite charity after the 2009 season (unless by some miracle the Colts win two playoff games)] In 2009 some of those negative effects start to hit. Marvin Harrison will count as $7.4M against the cap, but he will not play a game. Peyton counts as $21.2M against the cap. Dallas Clark costs $13.9M Dwight Freeney costs $11.2M Reggie Wayne: $7.4M Bob Sanders: $7.2M Robert Mathins: $6.9M I assume that some of this has been or will be restructured, but has not yet been reflected on the Colt's salary cap page. But its not clear what restructuring means in the context of an uncapped year. An uncapped year can be used to remove some of the back loading, but it can also expose the Colts to the reality of their weak financial base. Forbes (which I put little stock in, but I don't have a better alternative) has Indy tied for the third lowest revenue in the NFL in 2007, and the seventh lowest operating income. Opening a new stadium must have improved their top line, but they can't afford to compete with genuinely successful teams like New England. It helps that the new stadium is financed by the tax payers in a deal that is generally considered to screw the tax payers. This sweetheart deal will not only improve their bottom line, it will also put pressure on Indy to field a team that can compete with New England, even in an uncapped year. Ultimately I think its unclear whether the Colts benefit or not from an uncapped year. With Dungy gone, I think they are likely to continue their slide towards mediocrity whether or not there is a cap in 2010. They are unlikely to be able to gain a significant advantage by overspending, but they are also unlikely to dump salary (as other teams with limited revenues will be inclined to do) due to their local political situation.