The Indianapolis Colts have reportedly made a decision about Anthony Richardson’s fifth-year option for the 2027 NFL season.
And to no surprise, the Colts won’t be picking it up, according to Mike Chappell.
By the May 1st deadline, all teams must either exercise or decline the fifth-year option for their 2023 first-round picks.
These fifth-year options are one-year deals for the 2027 season and are fully guaranteed. The contract amounts are based on the position played, playing time, and if the player made a Pro Bowl.
According to Over the Cap, Richardson’s option is projected to be $22.48 million.
With the Colts attempting to trade Richardson, they were never going to pick up the option and pay Richardson that amount next season.
In fact, the decision wasn’t even on GM Chris Ballard’s radar.
“We have not even talked about it,” he said on the Monday before the NFL draft.
A “soft” trade market, as Adam Schefter put it, is what has led to this process beginning to drag out. The Colts also want to ensure they are getting a fair return for him.
That said, the sooner a trade partner is found, the better.
This article originally appeared on Colts Wire: Colts make decision on Anthony Richardson’s 5th year option
Reporting by Paul Bretl, Colts Wire / Colts Wire
USA TODAY Network via Reuters Connect
