Colts restructure Ryan Kelly’s contract to create cap space

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With the season getting underway next week, the Colts have given themselves a little more flexibility with the salary cap.

Per ESPN’s Field Yates, Indianapolis has restructured center Ryan Kelly‘s contract by converting $9 million of salary into a signing bonus. That move created $6.75 million in cap space.

Kelly signed a four-year, $50 million extension with the Colts last September.

The 18th overall pick of the 2016 draft, Kelly has been Indianapolis’ starting center since entering the league. He has been selected to the Pro Bowl in each of the last two years.

The Colts activated Kelly off the COVID-19 list on Thursday. He went on the list earlier this week due to a close contact, which means Kelly — like quarterback Carson Wentz — is unvaccinated.

5 responses to “Colts restructure Ryan Kelly’s contract to create cap space

  1. So a team can just up and change the terms of a sign contract? Bet there won’t be any crying about how a team needs to honor a contract….bunch of hyprocrits

  2. Y’all do know that both player and team have to agree to the changed contract, right? Also, how does converting salary (which is paid over the course of a season) to a signing bonus (which is usually due at a certain date) mean an owner is short on cash?

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