It would be higher if they hadn't put a chunk of it into this season. Will still likely be a top 10 cap hit once April rolls around (Flacco released, Foles traded). But there are a handful of guys on rookie deals.
It's definitely not close to the worst QB deal out there...and it's one year...but I just don't care for using that much cap space on JB. However...I am much more concerned about 2021 and beyond. If the Colts give JB something like 4/$100M...I don't really know what I would do...haha.