The Indianapolis Colts have decided not to exercise the fifth-year option on quarterback Anthony Richardson’s rookie contract, which would have paid him over $22 million for 2027. General manager Chris Ballard indicated that the team is likely looking to trade Richardson, who has requested a trade and missed offseason workouts. After being the fourth overall pick in the 2023 NFL Draft, injuries have hindered Richardson’s performance, leading to his loss of the starting position. If not traded, he will become an unrestricted free agent after the 2026 season.
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Colts decline fifth-year option for Anthony Richardson
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