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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Kevin Hickey

Colts create $6M in salary cap space with Matt Ryan restructure

Matt Ryan Colts Colts Wire

The Indianapolis Colts converted a portion of quarterback Matt Ryan’s salary into a signing bonus on Thursday, which created $6 million in salary-cap space, per Field Yates of ESPN.

A move like this was to be expected after the Colts sent a third-round pick to the Falcons in exchange for Ryan and the remainder of his two-year contract.

Ryan was set to make just over $24.7 million in 2022, and the Colts converted $12 million of it into a signing bonus. Since that prorates over the next two seasons against the cap, the Colts save $6 million for this offseason.

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