It’s official. The Philadelphia Eagles have moved on from quarterback Carson Wentz, agreeing to trade the former No. 2 overall pick to the Indianapolis Colts for a 2021 third-round pick and a conditional 2022 second-round pick.
With the move, Wentz now owns the biggest dead cap hit in NFL history, per Over The Cap. He will cost the Eagles $33.8 million in dead money following the trade, which is bigger than the previous record held by Jared Goff ($22.2 million).
The Eagles will carry a $33.8 million dead-money cap charge for Carson Wentz in 2021. That will be the largest dead money charge in NFL history. Previous record would have been the $22.2 million the Rams will carry this year for Jared Goff. The 2016 draft sure was interesting.
— Dan Graziano (@DanGrazianoESPN) February 18, 2021
Trading Wentz after the new league year would have increased that dead-money hit to almost $44 million, so Howie Roseman had no choice but to make the move now.
Trading Wentz saves the Eagles $25.4 million in base salary that would have been paid in 2021 and $15 million in salary that would have become guaranteed in 2022.
Wentz has $25.4 million in full guarantees for 2021, which includes his $15.4 million base salary that became guaranteed last March.
The Colts are now on the hook for Wentz’s salary and a $10 million roster bonus due on the third day of the league year.
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