Brian Hoyer gets $9 million guaranteed in new three-year deal with Colts

Nov 11, 2018; Nashville, TN, USA; New England Patriots quarterback Brian Hoyer (2) walks off the field after losing to the Tennessee Titans at Nissan Stadium. Tennessee won 34-10. Mandatory Credit: Jim Brown-USA TODAY Sports

It turns out that getting cut from the Patriots was the best thing that could have happened to Brian Hoyer's wallet, as the 33-year-old received $9 million in guaranteed money on a new three-year, $12 million deal signed with the Colts.

The Colts were one of six teams that had reached out to Hoyer upon his departure from the Patriots, according to media reports (and with the Patriots being among the six, according to The Athletic's Jeff Howe). But using basic reasoning, there was no way that the Pats were going to match Indy's offer (in years or dollars), making Hoyer's choice an easy one.

And while a New England return could have been on the table, it's clear that the Patriots believed in what they saw out of rookie quarterback Jarrett Stidham in the preseason, as they gave Stidham the second half of the team's third preseason game, and all of their preseason finale against the Giants last Thursday.

Hoyer, who was on his second stint with the Patriots prior to his release over the weekend, has thrown for 48 touchdowns and 9,902 yards in 64 career games since 2009, and has a 16-21 career record as a starter.