Report: Eagles trading Wentz to Colts for 3rd-rounder, conditional 2nd-rounder

The Philadelphia Eagles agreed to trade quarterback Carson Wentz to the Indianapolis Colts in exchange for a 2021 third-round pick and a conditional 2022 second-rounder that could turn into a first, sources told ESPN's Adam Schefter.

The conditional second-round selection in 2022 will become a first-rounder if Wentz plays 75% of the Colts' snaps this upcoming season or 70% and qualifies for the playoffs, according to NFL Network's Mike Garafolo.

Philadelphia initially looked for a trade package that rivaled the Detroit Lions' haul from the Los Angeles Rams for Matthew Stafford, but Wentz's market appeared limited due to the four-year, $128-million contract he signed in 2019.

The Chicago Bears were the only other team that reportedly expressed interest in acquiring the disgruntled passer.

While the 28-year-old hadn't formally submitted a trade request, his displeasure with the Eagles reportedly did not subside after Doug Pederson's firing. The quarterback's level of play dropped substantially in 2020, completing just 57.4% of his passes for 16 touchdowns against a league-high 15 interceptions. He eventually lost the starter's role to Jalen Hurts.

Philadelphia will carry a $33.8-million dead cap charge for the former No. 2 overall pick this year, which is the largest in NFL history, according to ESPN's Dan Graziano.

Meanwhile, the Colts will hope Wentz can rebound as an upgrade over Philip Rivers, who retired in January. Indianapolis will be able to provide its new signal-caller with a strong offensive line and running game.

Wentz is 35-32-1 as a starter across five seasons, throwing 113 touchdowns versus 50 interceptions. He was selected to the Pro Bowl in 2017 after emerging as an MVP candidate before suffering a torn ACL late in the campaign.