What would it cost the Colts to release quarterback Matt Ryan?

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What would it cost the Colts to release quarterback Matt Ryan?
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Colts coach Frank Reich announced Monday that Sam Ehlinger will replace Matt Ryan as the team's starting quarterback.

How much are the Colts paying Matt Ryan in 2023?>> $12 million is guaranteed.>> An additional $7,205,882 of his salary guarantees on March 17, 2023What does it cost the Colts to release Matt Ryan?

If the Colts release Ryan, he'll cost $18 million against the 2023 salary cap, a savings of $17,205,882. If they trade him, it's a $6 million dead cap hit and a savings of $29,205,882.

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