Colts free up $2.75 million in cap space by moving Pat McAfee to retired list
INDIANAPOLIS, Ind. – What Pat McAfee made known Feb. 2 has become official, and the Indianapolis Colts’ salary cap situation is a beneficiary.
The team placed its most prolific punter on the reserve/retired list Tuesday, according to ESPN. The transaction comes seven weeks after McAfee announced his retirement after eight decorated seasons.
The move of McAfee, 29, to the reserve/retired list freed up $2.75 million under the NFL’s salary cap. He had two years remaining on the five-year, $14.5 million contract he signed in March 2014.
By retiring, McAfee walked away from non-guaranteed base salaries of $2.75 this season and in 2018. He decided to concentrate on a post-NFL career with Barstool Sports.
McAfee is one of three Colts who have announced their retirement, joining linebacker Robert Mathis and offensive lineman Joe Reitz.