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Colts' Isaiah McKenzie contract details

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The Indianapolis Colts signed wide receiver Isaiah McKenzie during the second week of free agency, adding some depth to a position of need.

While McKenzie is likely to work solely out of the slot, he’s a nice depth addition to the room. It shouldn’t necessarily keep the Colts from adding more talent and upside via the 2023 NFL draft, but he has shown flashes throughout his career.

Now, we finally know what his contract will look like for the 2023 season. According to Joel A. Erickson of the Indianapolis Star, McKenzie signed for the veteran salary benefit.

Here’s how his contract breaks down on the one-year deal:

  • 2023 base salary: $1.08 million
  • $402,500 guaranteed
  • $152,500 signing bonus
  • $1.09 salary cap hit

As the likely replacement for Campbell in the slot, this is an extremely cheap deal. It will hardly have any impact on the salary cap for the Colts, and they could still get some decent production from him as a depth receiver.

But this contract hardly guarantees him a solidified role in the offense. McKenzie will certainly have his chances and likely will enter training camp as the favorite for the slot role, but it wouldn’t be a surprise at all if the Colts added some extra competition.

We’ll see what’s in store for the wide receiver position for the Colts throughout the rest of the offseason, but McKenzie will be in the competition for a role behind the starting duo at the top of the depth chart.

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