The Indianapolis Colts agreed to trade for Atlanta Falcons quarterback Matt Ryan on Monday and will be taking on the remainder of his contract.
Assuming the Colts don’t restructure his deal, they will be taking on the remainder of Ryan’s contract, which is for two more seasons. While reports have drawn some negative connotations surrounding the deal, it doesn’t appear to be too harmful to the Colts’ salary-cap space.
According to Over The Cap, the Colts will be taking on salary-cap hits of $24.7 million in 2022 and $29.2 million. That’s essentially middle-of-the-road numbers for quarterbacks now.
Ryan is set to have a base salary of $17,205,882 with a roster bonus of $7.5 million for the 2022 season.
In 2023, Ryan is set to have a base salary of $21,705,882 with a roster bonus of $7.5 million.
Considering the Colts led the NFL with $39.9 million in salary-cap space before this trade, this should leave them with roughly $15.2 million to work with in free agency.
The Colts have needs to fill at left tackle, tight end and wide receiver on the offensive side of the ball. How they do that remains unclear, but they have their quarterback to move forward with.
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