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Colts Decline Anthony Richardson’s Fifth-Year Option as Trade Interest Lags

The decision signals a pivot to Daniel Jones during a stalled trade market.

Overview

  • Indianapolis declined the fully guaranteed fifth-year option on Anthony Richardson’s rookie deal, avoiding roughly $22.48 million in 2027.
  • General manager Chris Ballard said the team received no trade calls during the 2026 NFL Draft, matching reports that Richardson’s market is soft.
  • Richardson requested a trade and has been training in Jacksonville, yet he remains on the roster as both sides wait for a viable offer.
  • Daniel Jones signed a two-year, $88 million extension and holds the starting job, with rookie Riley Leonard positioned to back him up if Richardson departs.
  • ESPN’s Jeremy Fowler reported Richardson prefers coaches from the McVay‑Shanahan‑LaFleur tree, pointing to a developmental fit as teams reassess him during OTAs and minicamp.