The Indianapolis Colts reportedly informed veteran quarterback Matt Ryan that he would be released after just one season with the organization, according to NFL Network.
Ryan would have counted $35 million against the salary cap in 2023, and the Colts will lose money with the move. While this move will give the Colts $17.2 million in cap savings, it will also represent a dead cap of $18 million.
It was a tumultuous season for the Colts, who fired head coach Frank Reich midseason and replaced him with first head coach Jeff Saturday in an interim role.
CLICK HERE FOR MORE SPORTS COVERAGE AT FOXNEWS.COM
Matt Ryan of the Indianapolis Colts throws a pass in the first half against the Dallas Cowboys at AT and T Stadium on December 4, 2022 in Arlington, Texas. (Wesley Hitt/Getty Images)
With Stane Steichen on board, the offensive-minded head coach is looking for a change after Ryan struggled to get things done at Indy.
Ryan was the guy Reich gave the job of leading the Colts to the playoffs after they missed out in 2021 following a Week 17 loss to the Jacksonville Jaguars. Carson Wentz was then the team’s quarterback and he was traded to the Washington Commanders to make room for Ryan.
COWBOYS ACQUIRES 5-TIME PRO BOWLER STEPHON GILMORE TO BOOST HIGH SCHOOL: REPORTS
In his 15th season in the NFL, Ryan went 4-7-1 as a starter, throwing for 3,057 yards, his lowest production since his second season with the Falcons in 2009. Ryan also threw for 14 touchdowns and 13 interceptions . He was second in the league in total turnovers with 18, behind Buffalo Bills QB Josh Allen’s 19.
Indianapolis Colts quarterback Matt Ryan holds up his new jersey after a press conference at the NFL team’s Indianapolis training facility on March 22, 2022. (AP Photo/Michael Conroy)
The question now is whether Ryan hangs up his cleats after 15 years in the league.
Quarterback-needy teams are dwindling in the league after the Las Vegas Raiders (Jimmy Garoppolo), Carolina Panthers (Andy Dalton, first overall pick) and Falcons (Taylor Heinicke) all signed a caller.
Ryan, 37, won the AP Offensive Rookie of the Year award in 2008, followed by the 2016 MVP and Offensive Player of the Year Award. Ryan has also been named to four Pro Bowls and one All-Pro team, and he ranks seventh all-time in passing yards with 62,792.
Atlanta Falcons quarterback Matt Ryan warms up before a game against the New Orleans Saints on January 9, 2022 in Atlanta. (AP Photo/Danny Karnik, File)
CLICK HERE TO GET THE FOX NEWS APP
Ryan, a Boston College product, was Atlanta’s third pick in the 2008 NFL Draft.
https%3A%2F%2Fwww.foxnews.com%2Fsports%2Fformer-mvp-matt-ryan-expected-released-report-colts
#NFL #MVP #Matt #Ryan #set #released #Colts #report
