Indianapolis – The Indianapolis Colts have opted not to exercise the fifth-year option on quarterback Anthony Richardson's contract, a move widely anticipated given the player's tumultuous tenure. This decision effectively positions Richardson for unrestricted free agency following the 2026 season, introducing significant uncertainty about his future with the club.
Richardson, who was selected as the fourth overall pick, has faced a challenging start to his NFL career. His rookie season was truncated by a shoulder injury requiring surgery. Reports indicate he has not participated in voluntary offseason workouts and previously requested a trade, though General Manager Chris Ballard has publicly acknowledged the possibility of Richardson remaining with the team.
Sources confirm the Colts' decision, first reported by Fox59 in Indianapolis. The financial implications of the fifth-year option, described as a "major investment," were apparently a key factor, especially considering Richardson has not solidified his role as a consistent starter. He has reportedly been competing for a backup position with Riley Leonard.
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The lack of a clear starting role and the player's trade request appear to have made the option decision a foregone conclusion. The team is reportedly focused on finding a trade partner to ensure a "fair return" for Richardson, with the understanding that a swift resolution benefits all parties. The NFL's deadline for exercising such options passed on May 1, 2026.
