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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.
Compensation: a 2022 third-round pick, per sources. Deal officially agreed to. https://t.co/8B2PxPHAmu
— Adam Schefter (@AdamSchefter) March 21, 2022
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.
Matt Ryan’s trade will incur a dead cap hit of $40.525M for the Falcons, the largest dead cap hit in NFL history by nearly $7M.
— Field Yates (@FieldYates) March 21, 2022
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.
Now watch for Marcus Mariota to the #Falcons. Sources say Atlanta is expected to pursue a reunion with Mariota and Arthur Smith, who was with Mariota during his time with the #Titans.
— Mike Garafolo (@MikeGarafolo) March 21, 2022
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 editor@teamcoed.com and we will respond as soon as possible.
