Colts declined to exercise their fifth-year option on quarterback Anthony Richardson.

03 May 2026

Obviously this was always going to be the case, but it is now officially official. Richardson has languished on the trade block all offseason and may simply not have a real suitor at this point. Perhaps he’ll surface elsewhere once he is released or a team (Packers?) that hasn’t signed a real backup quarterback starts to understand the ramifications of that decision. For now, he’s likely to start the year behind Riley Leonard on Indy’s quarterback depth chart.