The Philadelphia Eagles have traded quarterback Carson Wentz to the Indianapolis Colts, according to Adam Schefter. The Colts will send back a 2021 third-round pick and a conditional 2022 second-round pick that could turn into a first. It’s not entirely clear if Hurts will be the clear starter or if the Eagles will use the No. 6 pick in April’s draft on another quarterback.
Wentz had previously signed a four year, $128 million extension with the Eagles in June of 2019 and was looking to be the long-term answer. Instead, two seasons removed from the extension his time is up. The Eagles benched Wentz in favor of rookie Jalen Hurts to close out the season. Wentz is due $15.4 million in base salary and a $10 million roster bonus this year. The Eagles clear $852,928 in cap space with the move and will carry $33,820,608 in dead money.
Hurts, a second round pick in the 2020 NFL Draft, made four starts and finished the season with 1,061 passing yards, six touchdowns and four interceptions, along with 354 rushing yards and three rushing scores. There is speculation the Eagles will consider a QB at No. 6 overall, but there could be a lot of movement in the top ten at the QB position.
Meanwhile, the Colts were in the market for a quarterback following Philip Rivers’ retirement decision. Jacob Eason is also on the roster while Jacoby Brissett is due to become a free agent. Indianapolis headed into the offseason with more than $68 million in cap space, so they’ll be able to make this work.
Prior to the trade, the Colts DraftKings Sportsbook odds sat at +2500 to win the Super Bowl, +1200 to win the AFC title, and they were -106 favorites to win the AFC South. They remain -106 to win the division, but are now +1100 to win the conference and +2200 to win the Super Bowl. The Eagles odds sat at +6600 to win the Super Bowl, +2800 to win the NFC title, and +350 to win the NFC East. Their Super Bowl and NFC title odds are the same, but they’ve sunk to +400 to win the division.