Colts acquire QB Matt Ryan for a 3rd Round draft pick

[dwilli57]

Originally Posted by rm1369

Some reports the Colts are restructuring some of Ryan’s contract to free up additional cap space. If that’s true and they use it to add additional free agents THEN I’d say it’s been a great off season.

I don’t question Ballard’s ability to draft or his ability to “win” transactions. I question his ability / desire to assemble a roster to compete NOW. Irsay’s anger may have given Ballard the push he needed. We’ll see.

Looks like he may be part way there:

Update (2:48 PM EST): On ‘The Pat McAfee Show’, Colts general manager Chris Ballard indicated that Ryan’s recent restructuring should free up $11.8M of additional cap space:

Matt Ryan has agreed to add more guaranteed money on his contract and restructure his deal with #Colts, per @JFowlerESPN.

Ryan doing this opens up $11.8 million in cap space to use immediately. pic.twitter.com/bAXtN2Vsjs

— Locked On Colts Podcast (@LockedOnColts) March 22, 2022