Should the Colts pass on trading for WR Jerry Jeudy?

Despite reported interest from Indianapolis, it shouldn’t come as a surprise if talks between the two camps fall apart in the next few days. The Colts will certainly be looking to flesh out their receiver room, which currently features Michael Pittman, Jr., Alec Pierce and Josh Downs. But in addition to recent character concerns that stem from an alleged interaction with Panthers legend Steve Smith, Sr., the Colts may have multiple reasons to move in a different direction rather than snatching up Jeudy.

Contract

The most clear concern for the Colts amid trade talks for Jeudy is the reason Denver is moving on from him in the first place: his impending contract. Jeudy is still on his rookie deal, and the Broncos picked up his fifth-year option, meaning he’s under contract until after the 2024 season. But when that day comes, Jeudy could demand a staggering deal. Spotrac projects his market value at $20.7 million annually, putting him among the likes of Terry McLaurin and D.J. Moore. The young star is about to get expensive.

2024 draft class

As the Broncos look to build around their youngest players, they’ll likely demand a package centered around draft picks in exchange for Jeudy. That may be the final straw for Indianapolis, as GM Chris Ballard has shown time and time again that he and his staff know their stuff when it comes to drafting. One doesn’t even have to look outside the receiving room for an example. Downs, a 2023 third-rounder, already appears to be one of the steals of the draft.

If Ballard looks to the draft again next spring, he’ll have his pick of high-profile prospects. The headliner is Marvin Harrison, Jr., who certainly appears to be primed for elite production at the next level. However, a rare number of pass-catchers could be selected in the first round, and the Colts could certainly snatch one up. Emeka Egbuka, Keon Coleman, Xavier Worthy, Malik Nabers and Rome Odunze highlight a seemingly bottomless group. With so many talented receivers set to enter the league, the value of Jeudy drops.

Though Jeudy would certainly help a Colts team that has already surprised many with its success, Indianapolis may soon balk at Denver’s asking price because of his impending contract and the availability of talented prospects in next year’s class.