Indianapolis Colts News & Rumors

Latest On Colts, QB Matt Ryan

The Falcons and Colts stole headlines yesterday when Atlanta shipped quarterback Matt Ryan to Indianapolis. While it was still a bit jarring to see the Falcons trade their long-time QB, the deal didn’t come as a complete surprise. After all, the Falcons pursued Deshaun Watson before he landed with the Browns, and Ryan’s name was on the trade block even before this offseason.

Ryan spoke with reporters today and admitted that the constant trade chatter did get to him a bit.

“I didn’t like everything I heard but you don’t always like what you hear sometimes,” Ryan said (via NFL Network’s Mike Garafolo on Twitter). “But [the Falcons] were professional and handled it well. I knew at some point I was going to have to make a decision on whether or not I would stay.”

Ryan also said that Indy was the only destination he wanted to go to if he didn’t end up back in Atlanta (per Garafolo on Twitter).

Some more notes regarding yesterday’s trade:

  • Ryan met with the Colts on Saturday night, requesting to explore his options elsewhere after the Watson developments, per D. Orlando Ledbetter of the Atlanta Journal-Constitution. That meeting ended up swaying him to join the organization vs. staying with the Falcons, per Garafolo (on Twitter). “The time was just right for me and I felt I needed to do it,” Ryan said of his decision to move on.
  • The Colts picked up Ryan’s $7.5MM roster bonus and added guarantees to the entirety of his two-year deal, per NFL Network’s Ian Rapoport (on Twitter). The deal still has nearly $54MM remaining.
  • OverTheCap.com has provided some insight on what those next two years will look like for Indy’s cap sheet. Ryan will have a $24.7MM cap hit this upcoming season and a $29.2MM cap hit in 2023. Meanwhile, NFL Network’s Tom Pelissero tweets that the Falcons will carry $40.52MM in dead cap this season thanks to the trade. Incredibly, that’s $9MM in savings for the organization.

Eagles Sign Zach Pascal

The Eagles are set to add to their wide receiver room. Per ESPN’s Adam Schefter, Philadelphia is signing Zach Pascal to a one-year contract (Twitter link). The team has confirmed the move. The one-year pact is worth $1.5MM, with all of it guaranteed, per Doug Kyed of Pro Football Focus (on Twitter).

Pascal, 27, spent the first four years of his career with the Colts, after joining them as a UDFA in 2018. He started 44 of 64 games in Indianapolis, playing at least three-quarters of the team’s snaps in all but his rookie campaign. His most productive season came in 2020, where he posted 44 catches for 629 yards and five touchdowns.

The deal represents a reunion for Pascal with Eagles head coach Nick Sirianni. The latter’s time as the offensive coordinator of the Colts overlapped with the first three seasons of Pascal’s career. The Old Dominion alum will be joining a new team, resuming work with a familiar face.

In Philadelphia, Pascal joins a WR corps headed by 2021 first rounder DeVonta Smith. While the former Heisman winner had a productive rookie season, the Eagles have long been thought to be in need of additions to their pass-catching corps. At six-foo-two, 214 pounds, Pascal also represents a bigger target than Smith and underwhelming 2020 first-rounder Jalen Reagor.

With Pascal in the fold, the Eagles have added a proven complimentary piece to their WR room. Given the length of the deal, along with Pascal’s history as a secondary option, though, the team could still be active in adding another wideout. The free agent market has mostly dried up, but the team has three first round picks at their disposal for this April’s draft, where many feel they will add at the position.

Colts, Falcons Complete Matt Ryan Trade

The Matt Ryan talks have produced an agreement. The Falcons are sending their 14-year starting quarterback to the Colts in exchange for a third-round pick, Tom Pelissero of NFL.com tweets.

It is a 2022 third-rounder, Adam Schefter of ESPN.com adds (via Twitter). Rather than send the Falcons the Commanders’ third-round pick, the Colts included their own Round 3 choice (No. 82 in the upcoming draft) in this swap, ESPN’s Field Yates clarifies (on Twitter). This trade will arm the Colts with yet another quarterback solution, with the deal coming not long after Indianapolis shipped its latest one-and-done starter — Carson Wentz — to Washington.

While word of a Ryan-to-Indianapolis deal leaked Monday, Pelissero adds the sides had been discussing it since before Deshaun Watson was dealt to Cleveland (Twitter link). The Falcons met with Watson and were prepared to trade for him, but Schefter notes (on Twitter) Ryan did not ask for a new contract after Atlanta came up short in that pursuit. That could be in the works with the Colts, but Ryan is still tied to the five-year, $150MM deal he signed in 2018. That extension runs through 2023.

Ryan, 36, will follow Watson, Wentz and Russell Wilson in being traded over the past two weeks. The quarterback market led to a major domino in Watson, who chose the Browns after they made an unprecedented extension offer. The fallout from that transaction will also give the Falcons and Colts new starting quarterbacks, with Baker Mayfield set to move soon as well.

The Falcons will take on an NFL-record $40.5MM in dead money by trading Ryan now, but they are sending the former MVP to the Colts before paying him a $7.5MM roster bonus. Atlanta delayed Ryan’s bonus to 3pm CT today, and Indianapolis is now responsible for it. The Colts, however, cleared more than $20MM in salary by trading Wentz. Despite Ryan entering March with what would have been a record-setting $48.7MM salary cap hit, he is tied to only this bonus and a $17.2MM base salary for the 2022 season.

Since 2017, the Colts have used five different Week 1 starting quarterbacks — Scott Tolzien, Andrew Luck, Jacoby Brissett, Philip Rivers and Wentz. Ryan will join this succession and strip Indianapolis of another draft asset. But the Wentz drama left the Colts with a glaring QB need. Mayfield wanted to fill it, but Ryan — despite being nearly 10 years older than the disgruntled Browns QB — will have that opportunity. The Colts sent seven players to the Pro Bowl last year but failed to make the playoffs, combusting with ugly losses to the Raiders and Jaguars to close the season. They will count on Ryan to avoid such a fate next season.

Indianapolis lost its 2022 first-rounder by trading for Wentz but picked up two additional thirds — one of which could be upgraded to a second depending on Wentz’s Washington playing time. That gave the team some flexibility regarding its next QB move. The Colts will still have second- and third-rounders in the 2022 draft.

Ryan arrived in Atlanta as the 2008 No. 3 overall pick — Thomas Dimitroff‘s first draft choice as Falcons GM — and quickly filled the hole Michael Vick‘s prison sentence created. Ryan took the Falcons to six playoff berths, with his Georgia run peaking with a 2016 MVP campaign and a slot in Super Bowl LI. The Falcons’ historic collapse that night keyed a downhill slide. Although Atlanta made the playoffs the following year, the team has produced four consecutive losing seasons since. Ryan seemed out of place on the current Falcons, who are launching a rebuild behind new GM Terry Fontenot. HC Arthur Smith said shortly after the 2021 season’s conclusion he wanted Ryan back, but the team is going in a different direction.

Ryan has not made a Pro Bowl since that MVP season, and he ranked 21st in QBR last season — 12 spots behind Wentz. The Boston College alum, of course, is far more accomplished than the previous Colts passer; he ranked 14th and 16th in QBR in 2019 and ’20, respectively. The Colts have work to do at wide receiver, but they still feature one of the NFL’s better offensive lines and just added Yannick Ngakoue to a solid defense.

Falcons, Colts Discussing Matt Ryan

The Falcons being unwilling to move into a newly formed guaranteed money stratosphere led Deshaun Watson to the Browns. Atlanta may be preparing to deal away its 14-year starter soon after.

Matt Ryan has a $7.5MM roster bonus due at 3pm CT, and Ian Rapoport of NFL.com reports the Colts have engaged in discussions about a trade (video link). A trade could commence soon. The Falcons would want to move Ryan before paying him the bonus, and Rapoport adds (via Twitter) the sides have made progress.

Atlanta and Indianapolis have engaged in Ryan talks for a few days now, per Fox Sports’ Jay Glazer, who adds this has reached the point the teams are trying to finalize an agreement (Twitter links). It is unclear if talks began before or after Watson’s decision, but the Colts’ interest in Ryan looks like it might produce a fourth major quarterback trade of the offseason. This process has reached the point where many in the league would be surprised if Ryan is not a Colt soon, Mike Garafolo of NFL.com tweets.

Ryan’s contract calls for just a $17.2MM base salary, along with this roster bonus. The Colts cleared more than $20MM off their payroll by trading Carson Wentz. Despite being linked to Baker Mayfield as well, Ryan appears to be the team’s preference. Mayfield has expressed interest in being traded to the Colts, but it does not look like that will happen.

Ryan, 36, would be the Colts’ sixth Week 1 starter in the past six years. The Colts have not shied away from aging QBs during their post-Andrew Luck stretch, with the team having signed Philip Rivers in 2020. Rivers’ retirement led the team to Wentz, a partnership that skidded off the rails quickly. The Colts bolting on Wentz so soon left them in QB limbo, but the fallout from the Watson sweepstakes has produced intriguing options for Indy.

The Falcons would take on more than $30MM in dead money by trading Ryan before June 1. With the team in clear rebuild mode, however, that does not seem to be an impediment for second-year GM Terry Fontenot. Thomas Dimitroff‘s successor was against restructuring Ryan’s contract last year. That restructure made jettisoning Ryan more financially punishing. Ryan’s contract runs through 2023. The Falcons delayed Ryan’s roster bonus this year and were believed to be the Watson runners-up. This has left Ryan’s path uncertain, but the former MVP could soon be headed to a team in better position to contend in 2022. The AFC, of course, has seen its share of teams improve over the past two weeks. The Colts bolstering their QB situation would only further strengthen the conference.

More Details On Deshaun Watson Sweepstakes; Latest On Baker Mayfield

Though there were four finalists for QB Deshaun Watson before the Browns and Texans completed the blockbuster trade that sent Watson to Cleveland, as many as 10 teams were reportedly interested in Watson’s services. In remarks he made following the trade, Houston GM Nick Caserio would not say exactly how many teams made inquiries, but he did note that the interest went beyond the Browns, Saints, Panthers, and Falcons.

“I would say there was a fair amount of teams, but what we tried to do was bring the teams that had a legitimate interest, and that was based off the compensation that was presented,” Caserio said (via Mike Florio of Pro Football Talk). “I don’t want to get into the exact number, but there was a few more, however many teams than what everybody was reporting towards the end.”

Caserio’s comments confirm what had been reported all along: only clubs that were willing to meet the Texans’ steep asking price (three first-rounders and more) were granted permission to have an in-person meeting with Watson. While that seems like the only logical move in hindsight, it was quite a masterstroke by Caserio. Had he allowed Watson to meet with all interested clubs, regardless of proposed compensation, Watson may have decided to waive his no-trade clause for only one team, thereby undermining Caserio’s leverage. But as Florio observes, by having a “pre-qualifying” process, Caserio guaranteed that he would get what he wanted before Watson truly got a say in his next destination.

Per Florio, the Colts put feelers out to the Texans, but Caserio was not willing to deal Watson within his division. Aaron Wilson of Pro Football Network reports that the Eagles remained interested throughout the process, but Watson was unwilling to waive his no-trade clause for Philadelphia, largely because he is friends with Eagles QB Jalen Hurts and did not want to take away Hurts’ starting job. Wilson adds that the 49ers also placed a call to the Texans last year.

Caserio suggested that reports on the Texans’ being interested in players as well as picks in a Watson swap were at least somewhat overstated, saying, “I would say other than three first-round picks, I would say probably the rest of it was a little bit of speculation.” Still, Wilson reports that if Houston swung a deal with the Falcons, Atlanta CB AJ Terrell would have been intriguing to Caserio, and if the Saints had been able to acquire Watson, New Orleans OLs Erik McCoy and/or Cesar Ruiz might have been a part of the package heading back to the Texans.

In the end, the Browns, who were initially believed to be out of the running for Watson, were able to acquire the three-time Pro Bowler because they were willing to give him a contract — five years for a fully-guaranteed $230MM, which Wilson reports includes a $45MM signing bonus — that other teams were not comfortable matching. We heard at the time the Cleveland-Houston deal was consummated that the financial side of the equation became untenable for the Falcons and Panthers, and Wilson confirmed in a separate piece that Carolina was resistant to a fully-guaranteed pact.

Cleveland may have felt compelled to make such a bold strike because of an unsalvageable situation with Baker Mayfield. Mayfield requested a trade while the Browns’ courtship of Watson was ongoing, and when it appeared that Watson would not waive his no-trade clause to facilitate a move to northeast Ohio, the Browns indicated they would not accommodate the request. However, as Mary Kay Cabot of Cleveland.com writes, Mayfield had no intentions of playing for the Browns in 2022 even if the club had not acquired Watson, and that reality could have forced Cleveland’s hand.

According to Cabot, the Browns had made it clear to Mayfield’s camp that they would pursue a top-flight QB this offseason, but that they were content to run it back with the No. 1 overall pick of the 2018 draft if such a pursuit were unsuccessful. Because it had been upfront with him about its intentions, the organization believed it could eventually smooth things over with Mayfield. As we heard last week, though, Mayfield declined owner Jimmy Haslam‘s offer to fly out to Mayfield’s home to discuss the situation, which was a clear indication that there was trouble in paradise.

Cabot further reports that the Watson situation and the team’s comments that it was looking for an “adult” at the quarterback position — thus implying that Mayfield is not, in fact, an adult — merely represented the final straw. Mayfield was said to have issues with HC Kevin Stefanski‘s play-calling and scheme, and as Stefanski will retain play-calling duties in 2022, Mayfield was prepared to skip the Browns’ offseason program and minicamp in an effort to force a trade to a team that has an offense more conducive to his skill-set. As Mayfield is eligible for free agency in 2023, the upcoming season is obviously critical for him, both from a financial and on-field perspective.

We recently learned that Mayfield would prefer to be traded to the Colts. Cabot suggests that, if Indianapolis GM Chris Ballard is interested, he may require the Browns to pay at least some of Mayfield’s $18.9MM salary, and since Cleveland has no choice but to deal Mayfield at this point, the team’s leverage in that regard and in terms of trade compensation is fairly limited.

Both Cabot and Bob Condotta of the Seattle Times confirm that the Seahawks may be interested in Mayfield but are genuinely excited by Drew Lock, who recently came to Seattle in the trade that sent Russell Wilson to the Broncos. As for the Texans, Caserio was non-committal when asked if Davis Mills, who started 11 games as a rookie in 2021 and who showed marked improvement down the stretch, would remain Houston’s QB1. Nonetheless, Mills is expected to open the 2022 campaign as the starting signal-caller, despite Caserio’s comments that the team is “starting from scratch” at the most important position in sports.

Titans Re-Sign CB Skrine, RB Wilkins

The Titans are bringing back two of their minor free agents who joined the team last season. According to Josh Alper of NBC Sports, the team has re-signed cornerback Buster Skrine and running back Jordan Wilkins.

After starting the season in San Francisco, Skrine was picked up by the Titans after being released. The Titans are Skrine’s fourth team since entering the league in 2011. In six games with the team, Skrine contributed 17 tackles and an interception.

Wilkins was a late-season addition to the Titans’ practice squad. Wilkins started his career in Indianapolis after being drafted in the fifth round out of Ole Miss. He served as the team’s primary back up running back, spelling Marlon Mack during his absences. Wilkins was released by the Colts in October last season and spent a month on the Jaguars’ practice squad before ultimately landing in Tennessee. He will have a chance to earn a spot on a depth chart that currently includes Derrick Henry and Trenton Cannon.

After signing tight end Austin Hooper and releasing wide receiver Julio Jones this week, Tennessee is clearly in the process of giving the roster some Spring cleaning. The Titans close out their week bringing back a rotation corner and a familiar face at running back to compete with Cannon for the back up position.

Bears To Sign DE Al-Quadin Muhammad

One of the emerging pieces of the Colts’ 2021 defense has found a new home. Al-Quadin Muhammad is set to sign with the Bears (Twitter link via ESPN’s Adam Schefter). The insider adds that the deal is worth $10MM over two years. 

The 26-year-old began his career with New Orleans, after they drafted him in 2017. He was only a Saint for one season, though, as he was claimed off waivers by the Colts at the onset of the 2018 campaign. He finished his rookie contract in Indianapolis, taking on a larger defensive (as opposed to special teams) role with each passing campaign. He posted five combined sacks between the 2019 and 2020 seasons.

Muhammad signed a one-year deal to stay with the Colts last offseason. The $3.4MM value reflected his consistent progress, but also the potential to earn a bigger payday with a productive season. The Miami product responded by starting all 17 games this year, setting new career-highs across the board.

He was on the field for just under three-quarters of the team’s defensive snaps. With that increased workload, Muhammad totalled 48 tackles, six sacks and one forced fumble. Not surprisingly, that performance led to this new contract, which, not unlike the one he played on last year, rewards his growth but doesn’t constitute a financial burden.

In Chicago, he will look to fill in some of the void left in the pass-rush department left by the trade of Khalil MackThe Colts, meanwhile, will need to look elsewhere if they hope to find a new developmental edge rusher to work with.

Baker Mayfield Targeting Colts In Trade; Seahawks Eyeing QB

After the Browns ended Baker Mayfield‘s four-year tenure as their starter by trading for Deshaun Watson, the former No. 1 overall pick figures to be an option for another team in need of a QB1. Mayfield has his eye on another AFC team.

Mayfield would prefer to be traded to the Colts, Jeff Howe of The Athletic reports (on Twitter), and has informed the Browns of his ideal destination. One season remains on Mayfield’s contract, with the Browns having picked up his fully guaranteed fifth-year option — worth $18.9MM — last year. The Colts have shown interest in Mayfield, James Palmer of NFL.com tweets, but no notable discussions have occurred yet.

The Colts make sense as a Mayfield destination. They ditched Carson Wentz after one season and do not have a first-round pick, which the team sent to Philadelphia in the Wentz deal. Prior to Mayfield requesting a trade Thursday, the Browns were willing to work with their now-former starting quarterback in a trade. However, they were not prepared to accommodate his trade request Thursday. Of course, that was before Cleveland came in with a market-reshaping offer for Watson. Mayfield is now expected to be moved. His lack of a no-trade clause could prompt the Browns to move him to an NFC team, so it will be interesting to see how the team treats its longtime starter on the way out.

Indianapolis could easily fit Mayfield’s salary onto its payroll; the team created plenty of cap space by unloading Wentz. The Colts lead the NFL in cap space, at nearly $40MM, and have a glaring need at quarterback. Mayfield would obviously be an upgrade over anyone presently on the Colts. The Colts have a playoff-caliber roster, which features NFL rushing champion Jonathan Taylor. Though the team needs pass-catching help, Mayfield is undoubtedly intrigued by the talent in Indy.

The Seahawks lurk here as well. They emerged as a possibility for Mayfield earlier this week, and USA Today’s Josina Anderson tweets they have inquired on both Mayfield and Matt Ryan. Seattle would prefer an experienced QB, Anderson adds. While Pete Carroll indicated the Seahawks were fans of Drew Lock as a prospect, he bounced in and out of the Broncos’ starting lineup during a rocky three-year tenure. Ryan’s contract remains onerous for the Falcons to trade, and without Watson in the picture, Atlanta greenlighting a 15th season with Ryan would make sense financially.

Colts, Jameis Winston Discussing Deal; Saints Still On Radar

With three fourths of the NFC South pursuing Deshaun Watson, the quarterback market has hit a bit of a standstill. The Saints still loom as an option for Jameis Winston, but a Watson trade obviously nixes that path. Winston may act before Watson, complicating New Orleans’ QB path.

The Colts have engaged in discussions with Winston, Josina Anderson of USA Today reports (on Twitter). This makes sense, given Indianapolis’ sudden need, but Winston said the Saints have already made him an offer. Saints GM Mickey Loomis said earlier this month a Winston return was in play, though the team’s proposal may be contingent on Watson choosing the Falcons or Panthers.

[RELATED: Saints, Watson Meet Again]

Further complicating the QB market is Baker Mayfield, who has been connected to the Colts. The Browns, who have a bit of an issue on their hands now after making an unsuccessful push for Watson and irking their incumbent starter, have not indicated they will grant Mayfield’s trade request.

The No. 1 overall pick three years before Mayfield, Winston has spent the past two years with the Saints. He suffered a torn ACL midway through the season, leading to the Saints starting four QBs during the campaign. Winston, 28, threw 14 touchdown passes compared to just three interceptions, despite New Orleans’ bottom-tier pass-catching crew. That works in his favor, while the ACL tear stands to limit his market. Winston, who told Anderson he is uninterested in signing anywhere to be a backup, signed a one-year deal worth $5.5MM with the Saints last year.

Indianapolis will be set to start a different Week 1 quarterback for the sixth straight year, having traded Carson Wentz. That opened up a ton of cap space for the team but also created a noticeable void at the league’s premier position. Signing Winston would not be nearly as costly for the Colts, who lead the NFL in cap space.

Mayfield, Browns Preparing To Part Ways?

The Browns met with Deshaun Watson on Tuesday, and Dianna Russini of ESPN.com tweets the team did not inform Mayfield beforehand of its interest in the Texans quarterback. Mayfield then posted a tweet thanking Cleveland, creating an ominous tone for this relationship’s future.

Even if Watson does not end up in Cleveland, the Browns may be preparing to move on from Mayfield. The fifth-year quarterback and the Browns are “breaking up,” Chris Mortensen of ESPN.com said during a TV appearance Wednesday (h/t gifdsports; video link). Mayfield is expected to consider his options, with or without Watson in Cleveland, according to Russini (on Twitter). Mortensen also added the Browns want “an adult” at quarterback. That will surely go over well in what appears to be a divorce in progress.

[RELATED: Latest On Mayfield’s Post-Surgery Timetable]

The former No. 1 pick would be interested in the Colts or Seahawks, Aaron Wilson of ProFootballNetwork.com notes, adding the Browns are now open to trading their four-year starter. It is unclear if either team would reciprocate that interest, but Mayfield appears to be planning for a Cleveland exit. The Seahawks should be considered an option, per Mortensen, who mentions Jimmy Garoppolo as a possible solution for the Browns.

If Watson heads to one of the NFC destinations in play, the Browns would be making a move similar to the Colts’ Carson Wentz trade. Indianapolis currently lacks a viable QB option, ahead of a draft with limited options at the position. The Browns, at least, have their first-round pick in this draft. One year and $18.9MM remains on Mayfield’s rookie contract.

This would be an explosive conclusion to a rocky relationship. Mayfield nearly won Offensive Rookie of the Year honors in 2018 but struggled mightily under Freddie Kitchens in 2019. After his 2020 bounce-back showing that led the Browns to the playoffs, the outspoken quarterback ran into multifront injury trouble — headlined by a significant shoulder malady, which required surgery in January — and saw his 2021 production crater as a result. Mayfield also became a flashpoint figure in the Odell Beckham Jr. drama. Still, the early offseason pointed to the Browns bringing back their quarterback for a redemption shot on his fifth-year option. Plans are changing fast.