The Colts have an NFL-high of about $110 million in salary-cap space to try to address needs at pass-rusher, safety and receiver. Don’t get too excited, though. Colts GM Chris Ballard believes in taking a methodical approach to free agency. They’ll be active, but Ballard has said several times they have a cap on how much they’ll spend on a player. “We put a value on a player, and when it gets out of our reach I just think we are comfortable enough to sleep at night saying we are going to find an answer,” Ballard said. “… We are going to find an answer, whether it’s in that first window of free agency, maybe it’s the second window, maybe it’s the draft, maybe it’s after the draft, maybe it’s at the cut-down day. There are times to acquire players at all points during the season.” — Mike Wells (Indy Star) 

Indianapolis is projected to have nearly $110 million in salary cap space, and Ballard will have nine draft picks to play with after assembling one of the league’s best rookie classes a year ago.

Kicker Adam Vinatieri and right guard Mark Glowinski already have been signed to contract extensions — getting two of the bigger roster decisions out of the way early — and there are few personnel mysteries remaining.

Ballard did reveal Wednesday that tight end Jack Doyle underwent surgery for a hip injury that occurred in Week 2 at Washington. Doyle missed five games with that injury, returned for four weeks and then missed the remainder of the season after a kidney injury.  Indianapolis’ priority remains the draft — especially as Combine drills begin this week at Lucas Oil Stadium.

Ballard admitted the talent level on the roster isn’t quite where he’d like it to be yet, but he’s happy with the direction of the franchise.

“This team’s pretty good. Pretty good football team,” Ballard said. “… Are we where we need to be yet from a talent perspective? No, we’re not. I’m not gonna sit here and try to blow smoke up y’all and make you think we are. We still have work to do. But we are better, and we are a good football team. Absolutely we are.”

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