Colts Release $22.5M Kicker Matt Gay Ahead of Draft

The Indianapolis Colts have released kicker Matt Gay after two seasons, freeing up salary cap space and roster flexibility ahead of the 2025 NFL Draft. Gay, who was once the highest-paid kicker in NFL history with a four-year, $22.5 million contract, struggled with consistency during his time in Indianapolis, converting just 82.1% of his field goal attempts and missing six of 14 kicks from beyond 50 yards. His release will save the Colts approximately $2.75 million in cap space for 2025 and $4.75 million in 2026. Currently, the team has Spencer Shrader on the roster as a potential replacement, although they may seek additional competition following the draft. Gay is expected to be a sought-after free agent with a strong track record, having previously excelled with the Los Angeles Rams and winning a Super Bowl. The Colts' decision reflects ongoing struggles to find stability at the kicker position since Adam Vinatieri's retirement in 2019.