Carson Wentz had been rumored to be involved in trade talks between Philadelphia and Indianapolis over the last few weeks.
The Eagles agreed to trade the 28-year-old quarterback to the Colts for a 2021 third-round draft pick and a conditional 2022 second-round pick, according to ESPN. Philadelphia will receive the 85th overall pick in this year’s draft and the conditional second-rounder could become a first-round pick based on Wentz’s playing time this season.
He will need to play at least three-quarters of the offensive snaps for the pick to flip from the second round to the first round. The two teams had reportedly spent the last few weeks trying to finalize the terms of the trade. It will not officially be processed until March 17.
Wentz’s name was involved in trade rumors with Chicago and Indianapolis several weeks ago. The Bears were listed as +100 ‘chalk’ to snag Wentz, according to BetOnline. They reportedly never made an offer.
Indianapolis opened at 4/1 to trade for Wentz, but its odds dropped to +150 last week.
Wentz will now be reunited with former offensive coordinator Frank Reich, who is the head coach in Indianapolis. He will replace veteran quarterback Philip Rivers, while the Eagles will likely go with second-year quarterback Jalen Hurts, who was impressive in several December starts as a rookie.
Indianapolis saw a slight adjustment on its Super Bowl price following the trade. DraftKings bumped the Colts from 25/1 to 22/1. PointsBet moved them from +130 to +105 to win the AFC South.
They went 11-5 last season, finishing second in the division behind Tennessee. Indianapolis is listed at 11/1 to win the AFC, which gives them the fifth-shortest odds.
Philadelphia is now priced at 66/1 to win the Super Bowl. The Eagles are 28/1 to win the NFC and are 4/1 to win the NFC East.