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Report: Matt Ryan, Colts Restructure Contract to Create $6M in Cap Space After Trade

The Indianapolis Colts lowered Matt Ryan's salary-cap number for 2022 by $6 million, according to ESPN's Field Yates.

Yates reported Ryan will receive $12 million as a signing bonus, which gives the Colts immediate financial relief and lowers his cap commitment to $18.7 million.

This article will be updated to provide more information on this story as it becomes available.

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