I was browsing for some general football news on PFT and ran across this Q&A from the Indy Star:
http://www.indystar.com/apps/pbcs.dll/article?AID=/99999999/SPORTS0302/60831033
* It's behind a few days as you can see,but I found it interesting nonetheless--
Questions posted March 5, 2007
QUESTION: I would like to know why the Colts year-in and year-out are constantly at a point where we as a team are just under the salary cap? We are always trying to restructure someone’s contract in order to get money to deal with next year. I don’t get it. I think Bill Polian and Jim Irsay do a great job with the salary cap, but I’m also frustrated that we never have enough money to keep some of our defensive stars (linebackers) or sign anyone who can help us. And to add to this misunderstanding is an increase in the salary cap this year and next year, and we still do not have enough money to keep some of our free agents happy. Hey, New England does it year after year and the Denver Broncos always sign two or three people. Can you explains?
-- from Maurice Zuver, Bryan, OH
ANSWER: I can give you several answers – Peyton Manning, Marvin Harrison, Reggie Wayne, Tarik Glenn, Ryan Diem, Dwight Freeney, Raheem Brock. Those are among the highest-paid players on the team. Manning, Harrison, Wayne, Glenn and Diem are among the highest-paid at their positions in the league. Freeney will count at least $8.6 million in ’07 as a franchise player. Part of the reason the Colts don’t do much in veteran free agency is it’s very costly and it’s a real crapshoot. Remember, you’re signing players – yes, many of them very good ones – whose previous teams decided against reinvesting in. I understand fans’ frustrations over the annual exodus of very good linebackers. But I’m not sure I would have re-signed any of them for what other teams paid them. Yes, the cap keeps going up. But so do players’ salary-cap numbers because of the way the contracts usually are constructed. Most of the time, players that are lost can be replaced. It becomes a problem when a team fails to do so – like with Gilbert Gardner failing to adequately replace David Thornton. Finally, let’s not give New England too much credit on the free-agent market. The Patriots have let some pretty good players go – Ty Law, Lawyer Milloy, Willie McGinest, Corey Dillon, Deion Branch and some guy named Adam Vinatieri.
EDIT: Other pertinent comments within the article but apparently Indy fans/media are concerned about the cuts as well. Notice how they allude to the Pats' moves.