Nick Foles

Matt Ryan is done. He’s out. He won’t play again, for reasons rooted in his contract. Put simply, once the team decided (and it was clear from coach Frank Reich’s comments that owner Jim Irsay made the decision) that Ryan won’t be the quarterback in 2023, it was time to pull the plug on 2022.

Ryan’s contract already pays him $12 million in base salary next year, fully guaranteed. But millions more would become fully guaranteed if Ryan suffers an injury that keeps him from passing a physical by the third day of the 2023 league year in March, when the payments that are currently guaranteed for injury become fully guaranteed.

Specifically, Ryan has $7.205 million in additional 2023 salary guaranteed for injury, and a 2023 roster bonus of $10 million, which is also guaranteed for injury. That’s $17.205 million that the Colts would potentially owe Ryan (in addition to the $12 million) if he emerges from the 2022 season with an injury that prevents him from passing a physical by the middle of March.

Related players: Sam Ehlinger, Nick Foles

Ehlinger officially becomes the starting quarterback of the Colts. If he fails or gets injured, Foles will take over. And if Foles gets injured, the quarterback will be anyone but Ryan, the story said.