Matt Ryan has formally retired after 15 seasons as an NFL quarterback.

Ryan made the announcement in a video statement posted to social media by the Atlanta Falcons.

"So today, 16 years after being drafted, my childhood dream has officially come to an end. I'm honored to retire as a Falcon," he said.

He added, "You have no control in this profession in where you start. I am so lucky that my start and my finish was here in Atlanta."

Ryan, 38, started all 234 games he played during his career, including every game for the Falcons from 2010 until Oct. 27, 2019. In all, he missed just three games in Atlanta, where he became the team's all-time leader in almost every passing category. He finished his career with the Indianapolis Colts.

Ryan was an in-game analyst for CBS Sports last season.

Indianapolis Colts owner Jim Irsay won't be in the team's draft room this week as he recovers from what authorities described as a suspected overdose and other health issues.

Irsay told ESPN that his current challenge is rehabilitating from major surgery on his lower back area that has severely limited his mobility. He said he'll still have a presence, adding that the team's affairs are running per usual despite his physical absence.

"The main thing is I'm just following my doctors' orders and just making sure the bottom line is just to get back to 100% and to do the things they say," said Irsay, who has undergone numerous surgeries on his back, hips and extremities from years-old powerlifting injuries. "I'm just being a good patient and trying to make sure I can get back sooner than later. I'll get back on the golf course sooner than later.

"It's going fine. It's just a test of patience."

Irsay was hospitalized on Dec. 8 after emergency responders were called to his home because he was found unresponsive.

DeForest Buckner has agreed to a two-year extension with the Indianapolis Colts worth $46 million.

Buckner was entering the final year of a four-year, $84 million contract signed after joining the Colts in a trade from the San Francisco 49ers in 2020, when he was a first-team All-Pro selection.

For the 30-year-old Buckner, the $23 million average annual value in his new deal ranks fifth among defensive tackles, behind Kansas City's Chris Jones (31.75 million), Las Vegas' Christian Wilkins ($27.5 million), Baltimore's Justin Madubuike ($24.5 million) and Carolina's Derrick Brown ($24 million).

The Indianapolis Colts have re-signed safety Justin Blackmon on a one-year deal, according to a source.

Blackmon had been seeking a multi-year deal, but the market became depressed when a number of veteran safeties were cut.

He took visits with the Buffalo Bills and San Francisco 49ers in free agency.

Joe Flacco has agreed to sign with the Indianapolis Colts on a one-year deal worth $4.5 million guaranteed. The deal could be worth up to $8.7 million.

Flacco will serve as backup to Anthony Richardson. 

The Colts lost last year's backup, Gardner Minshew, to the Las Vegas Raiders.

The Indianapolis Colts are finalizing a three-year, $70 million deal with Michael Pittman, Jr., according to sources.

The wide receiver's new contract has a max value of $71.5 million and includes $46 million guaranteed.

The Colts placed the nonexclusive franchise tag on Pittman last week after the sides were unable to reach agreement on a long-term deal before the deadline.

The Indianapolis Colts have agreed to a three-year contract extension with linebacker Zaire Franklin.

Franklin had one year left on his contract.

The deal is reportedly worth $31.26 million. Franklin was a seventh round pick of the Colts back in 2018.

Indianapolis Colts general manager Chris Ballard offered a simple prediction when asked whether impending free agent Michael Pittman, Jr. will be on the roster next season.

"Yes," Ballard said.

The Colts' top wide receiver the past three seasons, Pittman is set to become a free agent in the coming weeks after playing out his rookie contract.

"We've had talks with [Pittman's] agent, who is really good... We'll work hard to get a deal done," Ballard continued.

Indianapolis Colts owner Jim Irsay's health appears to be shifting in the right direction.

Irsay posted his first message to X in nearly a month on Tuesday, saying, "On the mend. Grateful for all the messages of love and support."

The Colts released a statement on Jan. 9 saying Irsay was undergoing treatment for a severe respiratory illness. He was hospitalized, though it is unclear whether he has been released.

All of this came on the heels of Irsay being found unresponsive in his home on the morning of Dec. 8 in what authorities described as a suspected overdose, with a police officer administering a dose of Narcan -- a medication used to reverse the effects of an opioid overdose.

Jim Irsay was found unresponsive and struggling to breathe before being transported to a hospital by paramedics on the morning of Dec. 8, according to a report.

Irsay received a dose of Narcan, a medicine that quickly reverses an opioid overdose, from the first police officers on the scene, according to the report, and "responded slightly" before paramedics transported him to a hospital. The incident was classified as a suspected overdose in the documents, according to the report.

Irsay has not been seen publicly in recent weeks, but he did attend a Dec. 16 game, which was eight days after the emergency at his home.

Irsay has a long history of addiction and has admitted to past usage of opioids and other drugs. He revealed in a November interview with HBO Sports that he had been to rehab "at least 15 times." He also said he had a near-fatal incident years ago, saying he went "code blue" and had to be revived.