Thu Apr 10 17:00:00 UTC 2025: ## Colts Cut Kicker Matt Gay After Two Seasons, Saving Cap Space
**Indianapolis, IN** – The Indianapolis Colts announced Thursday the release of kicker Matt Gay, just two years into a four-year, $22.5 million contract. While Gay maintained a respectable 82.1% field goal conversion rate (64 of 78) during his time with the Colts, the move saves the team $2.75 million in salary cap space, though it also results in a $4 million dead money charge.
Gay, 31, joined the Colts in 2023 after a successful three-year stint with the Los Angeles Rams, where he boasted a 92.5% field goal conversion rate. His overall NFL career boasts an 85.5% field goal success rate (165 of 193).
With Gay’s departure, Spencer Shrader is now the sole kicker on the Colts’ roster. The team’s decision reflects a strategic move to manage its salary cap, despite Gay’s relatively consistent performance.
First Piper 