There’s a belief that #Colts QB Carson Wentz will “‘probably” be traded or released before March 19th, per @mortreport. That’s when $15M in base salary becomes guaranteed. His future in Indianapolis looks “bleak.”
— Ari Meirov (@MySportsUpdate) February 13, 2022
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Carson Wentz could be headed for his third team in two years after ESPN’s Chris Mortensen reported that the former No. 2 overall pick will likely be released or cut by March 18.
The Colts are already on the books for the $15 million in guarantees, but if they trade or release Wentz before March 18, they would save $13.3 million against the salary cap, while avoiding having to pay a $6.3 million bonus.
If Wentz is on the team post-March 18, then his $22 million base salary is fully guaranteed.
The move would come almost a year after the Colts agreed to acquire Wentz from Philadelphia in exchange for a 2021 third-round pick and a conditional 2022 second-round pick — which became a first-round pick based on a snap count threshold reached.
Wentz is now having to reassess his future after imploding down the stretch, including an ugly loss in the season finale to the Jaguars.