The Colts are in the market for a new starting quarterback after Indianapolis shipped Carson Wentz to the Washington Commanders for third-round picks in 2022 and 2023. Let’s take a look at the projected odds on which QB will take the first snap for the Colts this upcoming season.

News of the Wentz trade Wednesday marked the third major QB move in two days. On Tuesday, Aaron Rodgers and the Packers made it known they'd agreed to a new long-term contract extension. The Seattle Seahawks then dealt Russell Wilson to Denver for Drew Lock, two other players, and three picks. The moves have rattled NFL betting and futures markets at top sportsbooks across the country.

The deadline for teams to apply the franchise tag to eligible players also passed on Tuesday. Free agency begins a week from today on March 16.

The Colts may be in the worst situation of any NFL team right now at QB. The only QB currently on Indy's roster is Sam Ehlinger. The next starting QB will be the fifth different starting QB for the Colts in the past five seasons. Wentz’s time with the Colts was fraught with trouble from the start. The Colts were fortunate to find a team in the Commanders who were able to absorb the full $28 million on Wentz’s deal for the 2022 season.

Oh, the Colts gave up their 2022 first-round pick in the deal that brought Wentz to Indianapolis for one season.

The lone bright spot in Indy: $70 million in available cap space for 2022.

RELATED: Christian McCaffrey Trade Odds & Predictions

Colts 2022 Week 1 QB Starter Odds & Analysis

What can NFL futures bettors in Indiana and elsewhere expect when it comes to which QB will take the first snap for the Colts in 2022?

Here are our projected NFL odds on which QB will be under center on opening day for Frank Reich’s offense in 2022. These odds are compiled using a Bookies.com analysis of the Colts’ needs, salary cap space, and adjacent NFL moves made this offseason.

Each QB is listed with his 2021 team and our projected odds to start the 2022 season for the Colts.

2022 Colts Next Quarterback Odds

The odds above are projected and not currently available at legal sportsbooks or betting apps. This page will be updated should odds become available.

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The Colts have plenty of company in the QB free-agent market. The Lions, Texans, Saints, Steelers, Panthers and Buccaneers are all looking for new QB1s in 2022.

Colts' Situation Strong Despite QB Position

Aside the from the QB position, the Colts are in decent shape. They went 9-8 last season and only missed the playoffs after a disastrous 26-11 loss to Jacksonville in Week 18. Running back Jonathan Taylor forms the foundation of Indy’s offense again in 2022. He covered 1,811 yards on 332 carries last season and scored a total of 20 touchdowns.

None of the above QBs available scream “air it out,” especially for an offensive line that has to break in another QB this season.

Deshaun Watson is clearly the best talent and long-term solution in Indianapolis. But only if his off-the-field criminal and civil issues can be resolved to the satisfaction of the NFL. His days in Houston are over. Watson could land on the Commissioner’s Exempt list depending on what happens in a Texas courtroom this month. A grand jury is set to hear evidence Friday in the criminal case concerning Watson. Watson’s attorney said his client will assert his Fifth Amendment rights in the civil case, given possibilities of criminal charges.

WILD, WILD (AFC) WEST: Projected AFC West QB Props After Russell Wilson Trade

Jimmy Garoppolo’s name makes the most sense here. The 49ers took QB Trey Lance in the first round of the 2021 draft. And there is always the possibility of a Tom Brady return to his hometown. Brady is +4500 at Caesars Sportsbook to win 2022 MVP honors despite “retiring” last month.

Garoppolo is nursing a shoulder injury so the Colts will need to do their medical homework. Garoppolo faltered terribly in the NFC Championship Game as the 49ers blew a 10-point fourth-quarter lead and lost to the Super Bowl champion Rams.

Mitchell Trubisky and Jameis Winston are less-appealing solutions, but either would be a much better fit with Reich and the organization than Wentz ever was. Winston hit on 59% of his passes and threw for 14 TDs against just three picks in his seven starts before injury in 2022.

Trubisky backed up Josh Allen last season in Buffalo. He could reunite with his former offensive coordinator Brian Daboll, who is now head coach of the New York Giants. Trubisky would serve as an escape valve in case starting QB Daniel Jones continues to fail.

Teddy Bridgewater had the best career record against the spread of any QB who started in 2021. Bridgewater started 14 games for Denver in 2021 before an injury ended his season. He completed a stellar 66.9% of his attempts for 3,052 yards, 18 TDs and only 7 interceptions.

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