Colts release veteran quarterback Nick Foles after one season

INDIANAPOLIS — The Indianapolis Colts finally made a move on Friday that has long been expected, releasing veteran backup quarterback Nick Foles after the first year of the two-year deal he signed last spring.

Foles, brought in by former head coach Frank Reich last season to be a veteran backup for Matt Ryan, no longer had a clear spot on the depth chart after the Colts used the No. 4 pick on their quarterback, Anthony Richardson, and signed veteran Gardner Minshew to be his backup during free agency.

By making the move, Indianapolis saves $2.1 million on the salary cap, although the Colts do have to carry $1.5 million in dead money. Foles was scheduled to count $3.6 million against the cap.

This article originally appeared on Indianapolis Star: Nick Foles released by Indianapolis Colts