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Falcons Trade Matt Ryan to Colts; Super Bowl Odds Move

Neil Parker

Last Updated: March 21, 2022 12:04 PM EDT • 1 min 22 sec read.

ORCHARD PARK, NEW YORK - JANUARY 02: Matt Ryan #2 of the Atlanta Falcons warms up prior to the game against the Buffalo Bills at Highmark Stadium on January 02, 2022 in Orchard Park, New York. Kevin Hoffman/Getty Images/AFP (Photo by Kevin Hoffman / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The trade is now official.

https://twitter.com/AtlantaFalcons/status/1505997986928775181

The Indianapolis Colts acquired quarterback Matt Ryan from the Atlanta Falcons in exchange for a third-round selection in the 2022 NFL Draft, NFL Insider Ian Rapoport tweeted Monday.

https://twitter.com/RapSheet/status/1505963518486589451

Check out the latest comprehensive and most trusted Sportsbook Reviews by SBR here.

Ryan spent the first 14 years of his career with Atlanta after being selected with the third overall pick in the 2008 NFL Draft. The four-time Pro Bowler started 222 games for the Falcons and won the NFL MVP Award in 2016.

The veteran signal caller has struggled over the past four years with a 25-39 record while throwing for just 3,968 yards and 20 touchdowns this past season. 

However, the Colts have a superior supporting cast to surround Ryan with. 

Running back Jonathan Taylor paced the NFL in rushing yards last year, and the offensive line probably underachieved in pass protection after finishing 30th in the league in pass-blocking efficiency, according to PFF. 

It wouldn’t be shocking if there was a statistical rebound from Ryan in 2022.

RELATED: Raiders Super Bowl Odds Drop after Reported Trade for Davante Adams

It’s worth noting the 36-year-old quarterback recently reworked his contract with the Falcons to lower his salary-cap hit by $12 million ahead of the 2022 season. Ryan didn’t take an actual pay cut, as he converted a scheduled salary and roster bonus into a signing bonus. His cap number is now $36.66 million instead of $48.66 million, but the Colts will be on the hook for the $7.5 million roster bonus due to be paid Friday, March 25.

RELATED: Texans Trade Deshaun Watson to Browns; Odds Take Dramatic Turn

https://twitter.com/BetMGM/status/1505964481507213315https://twitter.com/CaesarsSports/status/1505967247940014091https://twitter.com/PointsBetUSA/status/1505971829684453377

Colts Super Bowl LVII Odds - March 17 to March 21

Caesars Sportsbook: +4000 to +2500

DraftKings Sportsbook: +3500 to +2500

FanDuel Sportsbook: +2800 to +2400

Falcons Super Bowl LVII Odds - March 17 to March 21

FanDuel Sportsbook: +4000 to +10000

DraftKings Sportsbook: +7000 to +9000

Caesars Sportsbook: +8000 to +8000

In addition to Indianapolis and Atlanta Super Bowl LVII odds dipping, Matt Ryan’s MVP Award odds also dropped at BetMGM.

https://twitter.com/johnewing/status/1505969407520030720

Make sure to keep an eye on our Live Odds page throughout the week to get the best lines possible and connect with others in the SBR community on our popular sports betting forum.

Written By:
Neil Parker
A lifelong Cowboys, Cubs, Maple Leafs and Gators supporter, Neil has been covering sports in print and online since 2011. His past stops include USA TODAY, theScore, DraftKings Playbook and RotoWire among others. He's a graduate of St. Thomas University and Acadia University and spends ample time at KenWo Golf Club.