NOVEMBER 22: As expected, Leonard cleared waivers today, per The Athletic’s Dianna Russini. Detached from his lucrative Colts contract, the standout linebacker is now a free agent.
NOVEMBER 21: After steady complaints about his diminished role, Shaquille Leonard will be changing teams. The perennial All-Pro linebacker will shockingly become available; Leonard announced Tuesday the Colts are cutting him. Indianapolis has announced the separation.
This comes barely two years after the Colts authorized a record-setting extension for the former second-round success story, but Leonard has not been a fit in Gus Bradley‘s defensive system. After an injury-plagued 2022, Leonard has not returned to a full-time workload this season. Although Leonard bristled about his usage, Fox59’s Mike Chappell notes he did not ask the Colts to cut him.
A force in Matt Eberflus‘ defense, Leonard signed a five-year, $98.5MM extension before the 2021 season. The Colts owe Leonard $6.11MM in remaining base salary this season — should no team claim him — and the AFC South club is on the hook for an additional $8MM in dead money due to prorated signing bonus. This cut’s full cost to the Colts will not be determined until waivers process.
Certain teams do have the cap space to pick up the remainder of Leonard’s 2023 base salary, a move that would help the Colts on the financial front. But ESPN’s Jeremy Fowler notes Leonard is expected to clear waivers. No fully guaranteed money is attached to this contract beyond 2023. This will set up one of the more interesting in-season free agency derbies in recent years.
“Shaq is the ultimate competitor and has been a fan favorite since he arrived as a rookie in 2018,” Colts GM Chris Ballard said. “We are incredibly grateful for his contributions to the team and the city of Indianapolis over the last six seasons. … He will always be a valued member of the Horseshoe.”
Leonard, 28, earned first-team All-Pro honors in 2018, 2020 and ’21 and was a second-team choice in 2019. The Division I-FCS product became a turnover-forcing machine during Eberflus’ four-year run as Indy’s DC. In 2021 alone, Leonard caused an astounding 12 turnovers — four INTs, an NFL-most eight forced fumbles — to help the Colts to the playoff precipice. Over the course of his career, Leonard has forced 17 fumbles and intercepted 12 passes.
The 49ers, Browns, Cardinals and Bengals each hold more than $10MM in cap space, while a handful…