Ryan will lead the Colts offense in 2022, giving him his first chance to throw behind a competent offensive line in years. What he won't have, however, is a stocked receiving corps -- only Michael Pittman is established in Indy's downfield pass game. The Colts also figure to remain committed to the run with Jonathan Taylor in their backfield. It should lean to plenty of underwhelming games for Ryan, who finished 27th among quarterbacks in Fantasy points per game in 2021 and 19th in 2020. It makes him a no-go in one-QB drafts and a mediocre No. 2 QB worth a mid-round choice in Superflex and two-QB formats.
Despite an advanced age, Ryan remains an above average starting NFL QB.
The fact that he ranked as the QB17 last year — despite an awful supporting cast — should be seen as a positive.
His situation improved a bit with the move to Indy. The issue here is pass volume and the lack of a rushing ceiling. You can safely avoid the veteran as a QB1 target, but he'll be someone to consider as a spot-starter.
Ryan was traded to the Colts after spending his first 14 seasons with the Falcons. He has delivered the occasional big fantasy season during his career (second place in 2016 and 2018), but he's also finished 11th or worse five of the last seven seasons despite often ranking near the top of the league in pass attempts. That's especially a concern as he heads to a run-heavy Indianapolis offense that will continue to lean heavily on Jonathan Taylor. Ryan is now 37 years old and has never cleared 147 rushing yards in a single season. He's an upgrade for the Colts, but is not in a good spot from a fantasy perspective. Consider him a fringe QB2 with limited upside.
Matt Ryan comes to Indianapolis as a former league MVP winner (2016) and in 14 years, he has never finished outside of the top 20 among fantasy quarterbacks. Indianapolis has struggled to find a franchise quarterback since Andrew Luck's unexpected retirement. Recently they have kicked the tires on Philip Rivers, Carson Wentz, and now Matt Ryan in three consecutive years. Like Rivers before him, Ryan is in the sunset of his career and Indianapolis is hoping that he has (at least) one more productive season left in his storied career. Also like Rivers, Ryan is no stranger to 4,000-yard seasons, racking up 10 in his career. He is also extremely durable, missing only three games in his career. The Colts are a run-first offense which means Ryan won't have to use his arm nearly as much as he did with Atlanta to win games. A top 20 finish is plausible given his history but a new offensive philosophy and an aging arm, may reverse the trend of what we've seen from him in the past.