The Philadelphia Eagles have agreed to trade quarterback Carson Wentz to the Indianapolis Colts for a 2021 third-round draft pick and a conditional 2022 second-round pick that could turn into a first-rounder, league sources told ESPN.
The Eagles will get the 85th overall pick in this year’s draft, and the conditional second-rounder can become a first-round pick based on Wentz’s playing time, according to sources.
Wentz needs to play at least 75% of the Colts’ offensive snaps for the 2022 conditional pick to convey to a first-rounder, according to sources. The pick also could become a first-rounder if Wentz plays at least 70% of the snaps and the Colts reach the playoffs. But the worst the 2022 pick can be is a second-rounder, meaning the Eagles are assured of netting two value picks for Wentz.
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The Eagles and Colts spent much of the past two weeks trying to conclude the trade, which cannot be officially processed until the new NFL year starts March 17.
Despite being speculated as a potential suitor for Wentz in trade talks, the Chicago Bears did not wind up making an offer to the Eagles, according to a source.
The Eagles will take a $33.8 million dead-cap hit — the largest dead-cap hit that any team ever has taken for a player — while the Colts will assume the balance of Wentz’s $128 million extension, including the $10 million guaranteed roster bonus due March 19.
Each team walks away from the deal with what it wanted across all fronts: Wentz will be reunited with Colts head coach Frank Reich, his former offensive coordinator in Philadelphia, and help fill the void left by Philip Rivers’ retirement, while the Eagles are likely to turn to Jalen Hurts, though they also intend to bring in competition for him.
The Eagles’ starting job is not expected to automatically go to Hurts.
Trading Wentz marks the end of an unexpected chapter and year with the Eagles. Wentz went from a former MVP candidate to backing up Hurts — a rookie second-round pick in 2020 — while his relationship with former Eagles head coach Doug Pederson disintegrated.
Wentz wanted out of Philadelphia even though the Eagles hired former Colts offensive coordinator Nick Sirianni as their new head coach.
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