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No Fifth-Year Option for Colts’ QB Anthony Richardson Sr.

The Colts are moving toward Daniel Jones and Riley Leonard after Richardson posted 11 touchdowns, 13 interceptions and a 50.6% completion rate.

  • On Friday, the Indianapolis Colts officially declined the fifth-year option on quarterback Anthony Richardson's rookie contract, ensuring his deal expires following the 2026 season.
  • Richardson struggled with inconsistency and injuries over three seasons, completing 50.6% of his passes with 11 touchdowns and 13 interceptions, including a 2025 orbital fracture from a pregame warmup incident.
  • Market conditions remained "soft," ESPN's Adam Schefter reported throughout the 2026 NFL Draft, while Colts general manager Chris Ballard acknowledged the lack of suitors, stating he would "let it play out."
  • Riley Leonard will serve as the primary backup to Daniel Jones, who signed a two-year deal averaging $44M and is positioned as the Colts' signal-caller of the future.
  • At just 23-years old, Richardson could serve as a reclamation project for another team, though Indianapolis will forgo his guaranteed $22.483M salary for 2027, effectively ending his time with the franchise.
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On3 broke the news on Thursday, April 30, 2026.
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