Colts Granting Anthony Richardson Permission To Seek Trade

Colts GM Chris Ballard spoke highly of Richardson at the combine earlier this week, and even said he still sees a future with the former first-round pick on the team. However, with QB Daniel Jones likely to be re-signed by Indianapolis on a short-term deal, Indianapolis will allow Richardson to at least look at other situations. 

Per Over The Cap, Richardson has one year left on his deal, along with a fifth-year option for 2027 that has to be decided on this offseason. He’s scheduled to carry a cap number of $10,816,282, and his fifth-year option is projected to cost $23,557,000. 

Richardson, 23, declared for the draft following his redshirt sophomore season in 2022 and his first as a full-time starter at Florida. The Colts selected him with the No. 4 overall pick of the 2023 NFL Draft. 

He signed a four-year, $36,874,031 contract with a $23,817,477 signing bonus and will carry a $6,704,369 cap figure for the 2023 season. The Colts will also have a fifth-year option to decide on in 2026. 

Richardson underwent season-ending shoulder surgery to repair his AC joint after going down in Week 5 of his rookie year.

In 2025, Richardson appeared in two games and completed one of his two pass attempts for nine yards.

We’ll have more on Richardson and the Colts as the news becomes available.