Philadelphia Eagles agree to trade QB Carson Wentz to Indianapolis Colts

Jori Epstein
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Carson Wentz has a new home.

And the Philadelphia Eagles have parted with their one-time franchise quarterback.

After months of speculation, the Eagles have agreed to trade Wentz to the Indianapolis Colts, a person with direct knowledge of the deal told USA TODAY Sports on Thursday. The person requested anonymity because the deal had not yet been officially announced.

The Colts agreed to part with a 2021 third-round pick and a 2022 conditional second-round pick that could turn into a first if Wentz plays 75% of his new team's snaps this year, USA TODAY Sports' Mike Jones reported. The Eagles save $10 million in roster bonuses due to Wentz in 2021, and they rid themselves of $25.4 million of guaranteed base salary in 2021.

ESPN was first to report the deal.

Wentz heads to the Colts after a rocky 2020 season in which he won just three of 12 starts before the Eagles turned to rookie quarterback Jalen Hurts. In Indianapolis, he reunites with Frank Reich – Wentz's first pro offensive coordinator, now the Colts' head coach – for what both sides hope will be a fresh start.

Carson Wentz

Ball security issues plagued Wentz in 2020. He threw 15 interceptions (just one short of his touchdown mark) and fumbled 10 times, losing four. Wentz was also sacked a league-high 50 times for a loss of 326 yards, an issue that was not helped by rampant injuries across the Eagles' offensive line.

The Eagles fired head coach Doug Pederson on Jan. 11, just three seasons after Pederson won a Super Bowl. Disagreement on personnel issues, including how to handle Wentz and Hurts moving forward, contributed to the rift between Pederson and team owner Jeffrey Lurie. Philadelphia interviewed a deep stable of coaching candidates before ultimately hiring then-Colts offensive coordinator Nick Sirianni on Jan. 24.

The Eagles drafted Wentz with the second overall selection of the 2016 NFL draft. He started 68 games across five seasons for the Eagles, compiling a 35-32-1 record. He completed 62.7% of passes for 16,811 yards, 113 touchdowns and 50 interceptions. Wentz was named to the Pro Bowl in 2017, when he led the Eagles to an 11-2 start before tearing his ACL in what would become the Eagles’ Super Bowl-winning season. Reich was Wentz's offensive coordinator that campaign, Wentz throwing 33 touchdowns to seven interceptions while leading the league in quarterback rating and touchdown percentage.

Indianapolis has sought a franchise quarterback since the August 2019 sudden retirement of quarterback Andrew Luck at age 29. Luck, whom the Colts drafted first overall in 2012, had earned a Pro Bowl berth in four of his six seasons. The Colts turned to Jacoby Brissett when he walked away and signed veteran Phillip Rivers for 2020. Rivers, who accepted a head-coaching job at an Alabama high school, announced his retirement at age 39 in January.

Wentz has an opportunity to stabilize Indy's quarterback room. Not long ago, Philadelphia expected him to stabilize its franchise.

In June 2019, the Eagles and Wentz agreed to a four-year, $128 million contract extension through 2024. Now, 20 months later, Wentz leaves before the four-year extension comes into play. The Eagles gain cap space down the line, though they will still carry dead money.

Hurts, whom Philadelphia selected in the second round of the 2020 NFL draft, started four games as a rookie completing 77-of-148 pass attempts for 1,061 yards, six touchdowns and four interceptions. He also displayed athleticism and mobility to the tune of 354 rushing yards and three touchdowns on 63 carries.

Follow USA TODAY Sports' Jori Epstein on Twitter @JoriEpstein

Contributing: Mike Jones

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