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The Fine Details of New Colts QB Matt Ryan’s Contract Restructuring Emerge

NFL: Indianapolis Colts-Matt Ryan Press Conference Marc Lebryk-USA TODAY Sports

According to ESPN’s Field Yates, the fine details of Indianapolis Colts new starting quarterback Matt Ryan’s recent contract restructuring have emerged:

While it was reported that Ryan restructured his Colts contract early Tuesday morning, it was initially speculated that Indianapolis would have $11.8M of additional team salary cap space in 2022. After Yates’ report, that number is now closer to $6M (with the Colts shifting more guaranteed cap hits toward 2023).

Certainly still a nice chunk of plus cap space, but not quite as large as was first thought. It would roughly place the Colts around $22M of total available team salary cap space right now (via OverTheCap).

What will be interesting to see is if other highly paid veterans for the Colts such as DeForest Buckner or Ryan Kelly also soon follow suit in restructuring their current contracts to provide some extra wiggle room under the salary cap this early offseason.