The Indianapolis Colts are going to have a new kicker in 2025 after making the unexpected decision to release Matt Gay on Thursday. The former Pro Bowl kicker is out in Indy just two years after signing a record-setting contract with the team.

Matt Gay is out of a job. The veteran kicker was released by the Colts just two years into a four-year deal after a shaky stretch in Indianapolis. The Colts signed Gay to a $22.5 million contract that would have kept him with the franchise through 2026 after he made the Pro Bowl for the Rams during their Super Bowl-winning 2023 season.

After just two seasons with the Indianapolis Colts, Matt Gay is back on the market as a free agent. The Colts released their kicker two weeks ahead of the 2025 NFL Draft, freeing up an additional roster spot and salary cap flexibility.