INDIANAPOLIS (AP) — The Indianapolis Colts will release longtime NFL quarterback Matt Ryan in a cost-cutting move Wednesday, a person with knowledge of the decision told The Associated Press.
By releasing the 37-year-old quarterback, it will save Indy about $17.2 million in salary cap charges next season and allowing it to open free agency with about $30 million of cap space.
It was no surprise.
Indy holds the No. 4 overall pick in next month’s NFL draft and most analysts expect it to select one of four quarterbacks — 2021 Heisman Trophy winner Bryce Young, two-time Big Ten offensive player of the year C.J. Stroud, strong-armed Will Levis or Anthony Richardson.
Some even believe Indy may trade up for one of the top three though the reported deal between Chicago and quarterback-needy Carolina for the top overall pick could complicate Indy’s plans. Houston, also a quarterback-needy team, picks second while Arizona is at No. 3 but already has Kyler Murray signed to a long-term deal.
The likelihood of adding a young, franchise quarterback to provide stability for a team that has used a different opening day starter for six straight seasons made Ryan and his $35.2 cap hit expendable.
What’s next for the league’s 2016 MVP also remains unclear.
In January, Ryan said he didn’t believe he would retire and that he could still play at a high level.
Read more from WRTV here
Five Things You Should Know About Mary Mary
Indianapolis Walmart gets food license suspended after inspectors find significant rodent activity
Active Shooter At Nashville Elementary School; Gunned Down
Miki Howard Finally Speaks Out About Her Son's Claim That Michael Jackson is His Father
Michael B. Jordan Vs. Jonathan Majors: Who Really Holds The Title Of Sexiest Man Alive?
Girl Group FLO Unites With Missy Elliott In Upcoming Single “Fly Girl” Which Samples The Music Legend
50 Things That Make A Man Want To Marry You (The Ultimate Guide To Understanding A Man's Commitment)
Pacers announce multi-year partnership with 50 Cent