Carson Wentz Headed to Indianapolis

The Philadelphia Eagles have agreed to trade quarterback Carson Wentz to the Indianapolis Colts, ESPN's Adam Schefter reports.

The exchange includes a 2021 third-round pick and a conditional 2022 second-round pick that could turn into a first-round pick.

The Eagles will receive the 85th overall pick in this year's draft, according to ESPN. The conditional second-rounder can become a first-round pick based on Wentz's playing time.

Sources told ESPN that Wentz needs to play at least 75% of the Colts' offensive snaps for the 2022 conditional pick to convey to a first-rounder. The pick also could become a first-rounder if Wentz plays at least 70% of the snaps and the Colts reach the playoffs.

In another NFL blockbuster trade this offseason, the Colts will assume the balance of Wentz's $128 million extension, including the $10 million guaranteed roster bonus due March 19, while the Eagles will take a $33.8 million dead cap hit — the largest dead-cap hit that any team ever has taken for a player.

ESPN's Field Yates reports what the Colts will owe Wentz over the next few years.