Sources: Eagles trade Wentz to Colts for 2 picks
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  • ESPN Senior NFL Analyst
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The Philadelphia Eagles have agreed to trade star 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 tell ESPN.

The Eagles will receive 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 the former No. 2 overall selection in the 2016 draft.

The Eagles and Colts spent much of the past two weeks trying to finalize the trade, which cannot be officially processed until the new NFL year begins March 17.

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 on March 19.

Each team walks away 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 be 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 — despite the fact that the Eagles hired former Colts offensive coordinator Nick Sirianni as their new head coach.

Thursday’s blockbuster trade also continues an already tumultuous offseason for quarterbacks.

Less than three weeks after the Los Angeles Rams traded Jared Goff, the former No. 1 overall pick of the 2016 draft, to the Detroit Lions for fellow quarterback Matthew Stafford, the Eagles now have traded the former No. 2 overall pick of the same draft to the Colts.

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