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Sports Illustrated
Sports Illustrated
Sport
Karl Rasmussen

Report: Indianapolis Colts to Release QB Matt Ryan

Matt Ryan Colts Indianapolis Falcons

The Colts are reportedly planning to release quarterback Matt Ryan when the new league year begins Wednesday, according to Zach Klein of WSB-TV in Atlanta. 

The 37-year-old is due to make over $19 million next season in what is the final year of a five-year, $150 million contract he signed with the Falcons back in 2018. 

Per Spotrac, Colts will incur an $18 million dead cap hit, but they are effectively saving $17.2 million against the cap by moving on from Ryan, who carried a $35.2 million cap hit in 2023. 

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