Colts Won't Pick Up Anthony Richardson Sr.'s Fifth-Year Option

Unsurprisingly, the Indianapolis Colts will not pick up the fifth-year option for quarterback Anthony Richardson Sr., a source told Mike Chappell of FOX 59. The fifth-year option was considered a long shot for Richardson, who was selected fourth overall in 2023 out of the University of Florida. If the Colts had picked up Richardson's fifth-year option, he would have been guaranteed $22.483 million in 2027. The 23-year-old signal-caller has struggled with injuries and inconsistency in his three years with the organization and has been benched twice. With the Colts signing Daniel Jones (Achilles) to a two-year extension this offseason, it's been made clear that Richardson is no longer the future in Indy, which is why he has requested a trade. The Colts are willing to deal Richardson at the right cost, but nothing has materialized yet. If A-Rich stays with the Colts, there's a chance he could open the 2026 season as the No. 3 behind Jones and Riley Leonard. His dynasty/keeper stock has reached rock bottom.

Source: FOX 59 - Mike Chappell