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Philadelphia Eagles trade QB Carson Wentz to Indianapolis Colts for two draft picks

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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Carson Wentz not interested in backup role, will want to leave Philadelphia Eagles if Jalen Hurts remains starting QB

Carson Wentz is not interested in being a backup quarterback and would want to move on from the Eagles if the current situation — with Jalen Hurts starting under center — continues in Philadelphia, sources connected to the team told ESPN.

Although the Eagles’ quarterback situation stays fluid with three games left this season, Wentz is not pleased with the way events have unfolded in the organization, according to sources.

Eagles coach Doug Pederson has not said whether the quarterback switch is permanent — only going so far as to announce Hurts as the starter for Sunday — but player and team sources told ESPN’s Chris Mortensen last weekend that Hurts will remain the starter this season.

Philadelphia’s decision to bench Wentz for Hurts has garnered the attention of other teams around the NFL, with some expected to inquire about Wentz’s availability in a trade, according to sources.

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The Eagles (4-8-1), a long shot to win the NFC East but still in contention, started their final three-game stretch versus the Arizona Cardinals on Sunday, when Hurts  made his second straight start in place of Wentz. The rookie led Philadelphia to an upset victory last Sunday over the New Orleans Saints and could make Philadelphia’s franchise quarterback decision even more difficult if he continues to play well.

The Eagles selected Hurts with their second-round pick in this year’s draft and gradually worked him into their offense, initially using him under center in limited special packages before eventually giving him the full-time job — and benching Wentz — in Week 13 against the Green Bay Packers.

Hurts played well in Green Bay but was even better last week versus New Orleans, passing for 167 yards and a touchdown while running 18 times for 106 yards. He took no sacks and turned the ball over once while becoming the fifth Eagles quarterback to rush for 100 yards in a game in the Super Bowl era.

After initially saying he was unsure who would start Sunday, Pederson announced Monday that Hurts would remain the starter versus Arizona.

Team sources told ESPN earlier this month that the Eagles intend to keep Wentz despite his season-long struggles and want him be a major part of their team going forward.

But if the Eagles ultimately decide to move on from Wentz, they must make that decision by the second day of the 2021 league year — sometime in mid-March — because on the third day of the league year, his $22 million base salary for 2022 becomes fully guaranteed and his 2021 roster bonus of $10 million is paid out.

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