Atlanta Falcons trade Matt Ryan to Indianapolis Colt

ATLANTA -- After 14 seasons and becoming the best quarterback in franchise history, Matt Ryan is moving on from the Atlanta Falcons.

Atlanta Falcons trade Matt Ryan to Indianapolis Colt

Atlanta traded Ryan on Monday to the Indianapolis Colts in exchange for a 2022 third-round draft pick, the team announced.

The Colts' odds to win the Super Bowl improved slightly after the trade, with Caesars Sportsbook moving Indianapolis from 30-1 to 25-1.

Conversations about Ryan's departure picked up at the start of the new league year,

As part of that pursuit, the Falcons and Ryan pushed back a $7.5 million roster bonus to Monday to both let the Watson courtship play out and allow Ryan to seek out trade partners

Watson ended up waiving his no-trade clause to go to the Cleveland Browns, but it also put the Falcons in a position where they had to publicly seek out a succession plan for Ryan

The trade will leave a dead-money charge of $40.525 million on the Falcons' salary cap this season