Earlier this offseason, the Colts elected to pick up Kwity Paye‘s fifth-year option. The ascending edge rusher is therefore on the books through 2025, and neither team nor player appears to be interested in working out an extension in the near future.
A report in May indicated the Colts have not engaged in extension talks with Paye, who has seen incremental improvement in production during each of his three seasons in the NFL. The former No. 21 pick is part of an edge contingent which also features the likes of Dayo Odeyingbo, Samson Ebukam and first-round rookie Laiatu Latu. His performance working alongside them will go a long way in determining his value on a second Colts contract.
“I’m excited that [general manager] Chris Ballard picked up my fifth year,” Paye said in an interview with Justin Melo of the Draft Network. “I see it as a prove-it thing now more than anything. I want to prove that I’m what this team needs in a pass rusher moving forward. I’m going to get out there and get the sacks, get the production.
“After I do that, we’ll have those contract discussions next offseason. For the most part, I’m not really worried about that [in 2024]. I’m worried about having my best season yet. We’ll discuss all that other stuff next offseason.”
Paye, 25, has started all 43 of his games and logged a steady defensive snap share during that span. Further progress both against the run and in the pass-rush department would help the Colts’ defense (a unit which was already strong up front last year) as well as his bargaining power. Paye could make a case for a deal near the top of the edge market if he takes a notable step forward in 2024, especially if the salary cap continues to rise and Indianapolis remains committed to quarterback Anthony Richardson on his rookie deal.
The Colts are currently on track to sit mid-pack with respect to cap space next offseason, although plenty of things will change in that respect between now and then. Part of the team’s plan will be centered on whether or not a lucrative Paye commitment will be worthwhile, and he appears to be content letting his 2024 performance dictate his value.