The Eagles agreed to trade QB Carson Wentz to the Indianapolis Colts. Philadelphia receives a third-round pick in this year’s draft and a conditional second-round pick in 2022 that can turn into a first-round pick if Wentz plays 75% of the snaps this year or 70% and the Colts make the playoffs.

Wentz is coming off the worst season of his five-year career and was benched for rookie Jalen Hurts after 12 games. He finished third in NFL MVP voting in 2017 when he led the Eagles to an 11-2 record before a knee injury ended his season and Philadelphia went on to win the Super Bowl.

The deal reunites Wentz with Colts coach Frank Reich, who served as Philadelphia’s offensive coordinator his first two seasons in the league. Press Taylor, an offensive assistant coach with the Eagles during Wentz’s tenure, also has joined Reich’s staff.

The Colts are turning to their fourth starting quarterback in Reich’s four years. Andrew Luck retired abruptly before the 2019 season and Jacoby Brissett took over. Philip Rivers led the team to the playoffs in his only season in Indianapolis in 2020. After Rivers retired, Wentz became an ideal replacement for the team.

Brissett is about to become a free agent and the only other quarterback on the roster is Jacob Eason, who never took a snap last season as a rookie.

Wentz is entering the first season of a four-year, $128 million contract extension he signed in June 2019. The Eagles will absorb a significant salary cap hit of $33.8 million in dead money on their 2021 cap. Indy started the offseason with the second-most room under the projected cap.