The Indianapolis Colts and pending free agent kicker Matt Gay agreed to a four-year deal, per multiple reports Monday night.
The deal is reportedly worth up to $22.5 million, which is the biggest contract ever given to a kicker in free agency. Gay is the first outside free agent to strike a deal with the Colts since the legal tampering period commenced.
The news was first reported by Peter Schrager of Fox Sports and confirmed by Tom Pelissero of NFL Network.
Super Bowl champion and former Rams K Matt Gay intends to sign with the Indianapolis Colts. The $ numbers are expected to be the biggest for a kicker in NFL free agent history. @nflnetwork @gmfb @NFLonFOX
— Peter Schrager (@PSchrags) March 14, 2023
The #Colts are signing kicker Matt Gay to a four-year, $22.5 million deal. Biggest ever deal for a kicker in free agency and most money over three years for a kicker on the deal negotiated by @davidcanter and @NessMugrabi https://t.co/W9DJIytUWe
— Tom Pelissero (@TomPelissero) March 14, 2023
While many Colts fans were hoping for a splash signing at a different position, Gay certainly brings a strong pedigree.
A 2021 Pro Bowler, Gay has converted 101-of-115 field-goal attempts (87.8%) and 138-of-145 extra-point attempts (95.2%) during his career. He has converted 17-of-23 attempts from more than 50 yards.
He started out with the Tampa Bay Buccaneers in 2019 and has spent the last three seasons with the Los Angeles Rams. He also spent a short time with the Colts in 2020 on their practice squad.
Over the last two seasons with the Rams, Gay has converted 60-of-64 field-goal attempts (93.8%) and has missed just two of his 81 extra-point attempts during that span.
It will be important to see how the contract breaks down, but the Colts are investing a lot of money at a position where they’ve needed stability since the retirement of Adam Vinatieri.
Keep up to date with the latest news, signings and rumors through our free agency tracker for the Colts.
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