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The Colts signed Gay to a four-year deal worth up to $22.5 million in 2021, making him one of the highest-paid kickers in the NFL. However, the team has decided to part ways with the 29-year-old kicker, citing the need for a change in their special teams unit.

What Led to the Decision?


Additionally, the Colts may have been motivated by the desire to free up cap space and allocate resources to other areas of the team. By releasing Gay, the Colts will save approximately $3.5 million in cap space, which can be used to sign free agents or extend contracts of existing players.

What's Next for the Colts?


The Colts will also need to reassess their special teams unit as a whole, looking for ways to improve their overall performance and consistency. This could involve making changes to the coaching staff, signing new players, or adjusting their strategy and approach to special teams play.
The Colts' decision to release Matt Gay is a significant move that will have implications for the team's future. While it's unclear what's next for the Colts, one thing is certain: the team is committed to making changes and improving their performance. As the NFL offseason continues to unfold, fans will be keeping a close eye on the Colts and their efforts to rebuild and revamp their roster.For more information on the Colts and the NFL, be sure to check out the IndyStar for the latest news, updates, and analysis. With expert coverage and in-depth reporting, the IndyStar is your go-to source for all things Colts and NFL.