NEW: Sources say Colts will release longtime NFL quarterback Matt Ryan
INDIANAPOLIS — The Indianapolis Colts will release longtime NFL quarterback Matt Ryan in a cost-cutting move Wednesday, a person with knowledge of the decision told The Associated Press.Indy holds the No. 4 overall pick in next month's NFL draft and most analysts expect it to select one of four quarterbacks — 2021 Heisman Trophy winner Bryce Young, two-time Big Ten offensive player of the year C.J. Stroud, strong-armed Will Levis or Anthony Richardson.
The likelihood of adding a young, franchise quarterback to provide stability for a team that has used a different opening day starter for six straight seasons made Ryan and his $35.2 cap hit expendable.In January, Ryan said he didn't believe he would retire and that he could still play at a high level.
The result: Ryan finished with the league's second-most giveaways despite playing five fewer games than Josh Allen , was sacked 40 times and benched twice in his only season in Indy.
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