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

[Oldcolt]

Originally Posted by dwilli57

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

I have a hard time seeing Ballard make this move before this year. He always seemed to want to take the cap hit now. He has modified his stance because it appears to be warranted. Once again Ballard is proving to be more nuanced than a lot of people gave him credit for. Good for us.