The Indianapolis Colts have given quarterback Anthony Richardson the green light to pursue a possible trade, according to ESPN’s Stephen Holder. This decision comes amid reports that the team is likely to re-sign quarterback Daniel Jones to a short-term contract, prompting the Colts to permit Richardson to explore other team options.
Team’s Perspective and Contract Status of Anthony Richardson
Colts General Manager Chris Ballard recently expressed optimism about Richardson’s potential during the NFL combine, indicating the team still envisions a future with the young quarterback. Despite this, the likely return of Daniel Jones places Richardson in a position to consider alternatives. Richardson, who was the fourth overall pick in the 2023 NFL Draft after his redshirt sophomore season at Florida, signed a four-year contract worth roughly $36.9 million, including a signing bonus of about $23.8 million.
Per details from Over The Cap, Richardson has one year remaining on his current deal with a fifth-year option for 2027 that must be decided this offseason. His 2023 salary cap figure is estimated at approximately $10.8 million, while exercising the fifth-year option would push the cap hit to over $23.5 million.
Early Career and Injury Challenges
Richardson, now 23, saw his rookie season cut short after sustaining a shoulder injury in Week 5, which required surgery to repair his AC joint. In the 2025 season, his on-field action was limited, appearing in only two games with minimal passing attempts. These setbacks have influenced the Colts’ roster decisions and Richardson’s ability to establish himself as the team’s starting quarterback.
Potential Impact and What Lies Ahead
With the Colts allowing Richardson to explore trade possibilities, the quarterback’s future with the franchise appears uncertain. How the team chooses to handle the fifth-year option and roster composition in the coming weeks will significantly affect both Richardson’s career trajectory and Indianapolis’ quarterback plans. The evolving situation will be important for NFL observers tracking quarterback movements and team strategies this offseason.
NEWS: The Indianapolis Colts have given QB Anthony Richardson permission to seek a trade given his uncertain future in Indy, ESPN has learned.
Story upcoming on https://t.co/5nxkndQ3MZ.
— Stephen Holder (@HolderStephen) February 26, 2026
