Matt Ryan Traded To Colts; Falcons Take Largest Dead Cap Hit In NFL History

Matt Ryan - week #3 of the 2019 NFL Pre-Season Game Atlanta Falcons Host the New York Jets on Thursday August 15th 2019 at the Mercedes Benz Stadium in Atlanta Georgia USA

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Matt Ryan will have a new home for the 2021-22 NFL season.

On Monday, trade talks between the Atlanta Falcons and Indianapolis Colts quickly escalated and the veteran quarterback will now suit up for Indy.

Ryan was due a bonus of $7.5 million at 4:00 p.m. ET if he was still on the Falcons roster, so the team had an important decision to make. Ultimately, they were able to get the deal done with Indianapolis and will receive a third-round draft pick as compensation.

Ryan will receive a restructured contract in Indianapolis that results in more guaranteed money.

For the Falcons, however, Ryan’s trade results in a historic cap hit.

As for what’s next for the Falcons, reports are beginning to surface that Atlanta could target Tennessee Titans signal-caller Marcus Mariota as a potential replacement.

That is all the information that is available at this time. This article will be updated with new and relevant information should it become available at any time. If there is anything that we missed, please feel free to send an email to [email protected] and we will respond as soon as possible. 

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