Matt Gay Contract Salary, Age, Contract Extension, Signing Bonus, New Contract, and More

Learn about Matt Gay's contract salary and contract extension, and get details on his multi-million dollar deal with the Indianapolis Colts.

by Alaguvelan M

Updated Sep 25, 2023

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Matt Gay Contract Salary, Age, Contract Extension, Signing Bonus, New Contract, and More
Fresherslive

Matt Gay Contract Salary

Matt Gay has signed a significant contract with the Indianapolis Colts. He's now one of the highest-paid kickers in the league. This deal doesn't put much strain on the Colts' salary cap and could turn out to be a smart move. Here are the key details of his contract:

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  • Signing Bonus: $8 million (guaranteed)
  • 2023 base salary: $1.08 million (guaranteed)
  • 2024 base salary: $3.92 million ($980,000 guaranteed)
  • The remaining $2.94 million of 2024 salary is guaranteed on the fifth day of the 2024 league year
  • 2025 base salary: $4.75 million
  • 2026 base salary: $4.75 million

Even though some people had concerns about paying a kicker this much, it's important to note that this contract only makes up 2.4% of the salary cap during its most expensive season. Plus, there's no guaranteed money in the deal after the 2024 season, which means the Colts have flexibility to make decisions without incurring a big financial hit.

Matt Gay has a strong track record of accuracy in kicking, which makes this signing promising for the Colts. In the last two seasons, he's made 93.8% of his field-goal attempts and missed just two extra-point attempts out of 81. This performance puts him among the top kickers in the league. So, despite the initial concerns, this contract could be a smart move for the team.

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Who is Matt Gay?

Matt Gay is a football player who kicks the ball for the Indianapolis Colts in the National Football League (NFL). He used to play football for the Utah Utes in college and made a lot of field goals, which is when you kick the ball through the goalposts. In 2019, he was picked by the Los Angeles Rams in the NFL Draft. He had a great year in 2021 and even went to the Pro Bowl, and he helped the Rams win the Super Bowl.

In March 2023, Matt Gay signed a contract with the Indianapolis Colts for four years, and they are going to pay him $22.5 million. This contract makes him the second-highest-paid kicker in the NFL, with only Justin Tucker from Baltimore earning more.

Matt Gay is really good at kicking the ball accurately and powerfully. He can kick the ball through the goalposts from very far away, even up to 58 yards! He's also great at kicking the ball so far on kickoffs that it's hard for the other team to return it. This is important because it gives the other team less chance to score points.

The Colts are happy to have Matt Gay on their team because he's one of the best kickers in the NFL. It shows that the Colts are serious about winning, and Matt Gay will be an important player for them in the coming years.

Name

Matt Gay

Birth Date

March 15, 1994

Birth Place

Orem, Utah, U.S.

Height

6 ft 0 in (1.83 m)

Weight

232 lb (105 kg)

Position

Placekicker

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Matt Gay Age

Matt Gay is a 29-year-old American football player who currently works as a placekicker in the NFL. He had a great college career at the University of Utah and entered the NFL in 2019.

The Tampa Bay Buccaneers picked him in the fifth round of the NFL Draft that year, and he made a strong start to his professional career.

Matt Gay Contract Extension

Year

Base Salary

Guaranteed Salary

Dead Money & Cap Savings (Cut)

2023

$1,080,000

$1,080,000

$10,060,000 (-$6,980,000)

2024

$3,920,000

$980,000

$6,980,000 (-$1,060,000)

2025

$4,750,000

$0

$4,000,000 ($2,750,000)

2026

$4,750,000

$0

$2,000,000 ($4,750,000)

Total

$14,500,000

$2,060,000

-

Matt Gay Signing Bonus

Matt Gay secured a substantial signing bonus of $8 million as part of his contract with the Indianapolis Colts. This bonus was guaranteed, meaning he received this money upfront as soon as the deal was signed. It's a significant sum and reflects the team's commitment to bringing him on board.

The signing bonus is a common practice in professional sports contracts, providing players with immediate financial security while also serving as an incentive to perform at their best for their new team. In Matt Gay's case, this bonus recognizes his skill and potential as a top-level kicker in the National Football League.

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Matt Gay New Contract

Matt Gay signed a four-year contract with the Indianapolis Colts worth $22.5 million. He received an $8 million signing bonus and $10 million guaranteed when he signed the contract. Additionally, $2.94 million of his 2024 base salary becomes guaranteed on the fifth day of the 2024 league year.

This contract makes Matt Gay the second-highest-paid kicker in the NFL, with only Baltimore's Justin Tucker earning more. It's also the largest free-agent deal ever given to a kicker.

Matt Gay, who is 28 years old, has played as a kicker for the Los Angeles Rams for three seasons. He made it to the Pro Bowl in 2021 and was part of the Rams' Super Bowl LVI victory. The Colts signed Matt Gay to bring stability to their kicker position, which has been inconsistent since Adam Vinatieri left in 2006.

Matt Gay Career

Matt Gay is a professional American football player who has had an inspiring career as a placekicker in the National Football League (NFL). 

After completing his high school career, Gay initially pursued a career in soccer, playing at Utah Valley University. However, his love for football led him to transfer to the University of Utah, where he walked onto the football team as a placekicker. His powerful leg and accuracy quickly caught the attention of coaches and fans alike.

In his junior year at Utah, Matt Gay had a breakout season. He made an impressive 30 out of 34 field goal attempts, including a long of 56 yards. His exceptional performance earned him the Lou Groza Award, which is presented annually to the best college placekicker in the country. Gay's accuracy, range, and ability to handle pressure situations set him apart as one of the top kickers in college football.

With his successful college career behind him, Matt Gay entered the NFL Draft in 2019. He was selected by the Tampa Bay Buccaneers in the fifth round, becoming the first placekicker drafted that year. Gay's arrival in Tampa Bay brought high expectations, and he did not disappoint.

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In his rookie season, Matt Gay quickly established himself as a reliable and consistent kicker for the Buccaneers. He showcased his strong leg, making 27 field goals out of 35 attempts and converting 43 extra points out of 48 attempts. Throughout his career, he has continued to demonstrate his kicking prowess, consistently making clutch field goals and helping his teams secure victories.

What sets Matt Gay apart is not only his physical abilities but also his mental strength and work ethic. He has faced setbacks and challenges along the way, but his determination and resilience have allowed him to persevere and make an impact in the NFL.

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Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

Matt Gay Contract Salary - FAQs

1. How much is Matt Gay's contract salary with the Indianapolis Colts?

Matt Gay signed a four-year contract worth $22.5 million with the Colts.

2. Is Matt Gay one of the highest-paid kickers in the NFL?

Yes, his contract makes him one of the highest-paid kickers in the league.

3. What is the significance of the $8 million signing bonus in Matt Gay's contract?

The signing bonus is a guaranteed portion of his contract, providing financial security.

4. How does Matt Gay's salary compare to other top kickers in the NFL?

He is the second-highest paid kicker, behind Baltimore's Justin Tucker.

5. Why did the Colts sign Matt Gay?

The Colts signed him to provide stability at the kicker position and improve special teams.

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