Colts release QB Matt Ryan, per source: Why Indy let him go

The Colts released quarterback Matt Ryan on Tuesday, a league source confirmed to The Athletic. By cutting him now, Indianapolis saves the entire amount in cap space while Ryan still walks away with $18 million which will count against the team’s dead cap. Ryan was benched twice throughout his lone season in Indianapolis, but of the three quarterbacks who started a game for the Colts last year — Ryan, 2021 sixth-round pick Sam Ehlinger and former Super Bowl MVP Nick Foles — he was the only one who won a game. 2017: Scott Tolzien 2018: Andrew Luck 2019: Jacoby Brissett 2020: Philip Rivers 2021: Carson Wentz 2022: Matt Ryan 2023: __________ — Zak Keefer March 14, 2023 What they’re saying “I have to see how it shakes out, but I still love playing and still feel like … there’s a lot of good football in my body,” Ryan said at the end of the season.