QB Carson Wentz's future with Colts in question

Conflicting reports have been circulating concerning the future of quarterback Carson Wentz in Indianapolis. It started earlier Sunday when ESPN’s Chris Mortensen went on “NFL Countdown” and stated that, “By March 18, (Wentz) will probably be traded or released.”

The Colts traded for Wentz last offseason. Wentz played well for most of the year, throwing for 3,563 yards while tossing 27 touchdowns to only seven interceptions. However, Wentz’s struggles down the stretch cost the Colts a playoff spot as they lost their final two games.

The Colts guaranteed $15M of his salary for 2022 last March, and the remaining $7M of his 2022 salary will be guaranteed on March 18. March 18 is also the date that triggers a fully guaranteed roster bonus of $6.3M for Wentz. So if the Colts were to cut Wentz before then, they would be on the hook for only the $15M guaranteed last year and would save the $13.3M due to him next month.

Joel Corry, who writes for CBS Sports on NFL contracts and salary caps, tweeted out some skepticism about releasing Wentz. He points out that the price the Colts paid to obtain Wentz last year (a 2021 third-round pick and a 2022 first-round pick) doesn’t point to a one-year rental.

The best-case scenario is likely finding a trade candidate willing to take on Wentz’s full contract. The Colts wouldn’t have much leverage in the negotiations, though, considering they’d be asking a team to take on a contract they don’t want to retain themselves. A more likely scenario would see the Colts include Wentz in conversations with a trade candidate wherein they can agree to a re-worked contract that work for Wentz and the new team. That way, they can attempt to redeem some of the value they gave up to get Wentz last year while allowing them to move on from the sixth-year quarterback.

Whatever route they plan on taking, the Colts have a little more than a month to navigate their plan. There are certainly some quarterback-needy teams that would consider Wentz an upgrade and may have the cap space to take on a contract that would keep the QB happy.