Carson Wentz contract: How much Colts have to pay the QB
The Indianapolis Colts made a blockbuster move Thursday agreeing to a trade for Philadelphia Eagles quarterback Carson Wentz.
The Colts not only parted ways with a 2021 third-round pick and a 2022 conditional second-round pick but now they have to take on the remaining contract as well.
We know the Eagles will be eating roughly $9.3 million in dead cap this offseason—and a total of $33.8—which means the Colts will be taking on $25.4 million in cap space for 2021.
Per Over The Cap, here’s what the rest of the contract looks like for Wentz:
Year | Base Salary | Prorated Bonus* | Roster Bonus | Guaranteed | Cap Hit (IND) |
2021 | $15,400,000 | $9,273,536 | $10,000,000 | $25,400,000 | $25,400,000 |
2022 | $22,000,000 | $9,273,536 | $1,000 | $0 | $22,001,000 |
2023 | $20,000,000 | $9,273,536 | $5,000,000 | $0 | $25,000,000 |
2024 | $21,000,000 | $6,000,000 | $5,000,000 | $0 | $26,000,000 |
The Colts don’t have to worry about the “Prorated Bonus” part of the table. That’s the money the Eagles will eat in dead cap. So the cap hits aren’t massive for what the Colts have to pay, and there is no guaranteed money after the 2021 season.
It should also be noted that $15 million of his 2022 salary is guaranteed on March 19, 2021. His entire 2022 salary and roster bonus is guaranteed on the third day of the league year in 2022, according to Spotrac.
The Colts have the salary cap space to accommodate Wentz’s contract and they can completely cut ties following the 2022 season if they wanted to without penalty. It also wouldn’t be a surprise if the Colts re-negotiated the contract.
But as it stands, the Colts have their new quarterback and will be all-in to try to be a competitive team in the AFC.
