Richardson's performance with the Colts hasn't met expectations since being selected 4th overall in the 2023 NFL Draft. As a rookie, he posted a 45.0 QBR in four starts, followed by a 47.4 QBR in 11 starts during the 2024 season. The 24-year-old missed most of the 2025 season after suffering a fractured orbital bone during pregame warmups.
With the Colts expected to sign Daniel Jones to a contract extension and Riley Leonard showing promise in limited action, Richardson's future with the franchise appears uncertain. He carries a $10.8M cap hit for next season, leaving the Colts with a difficult decision on the former top prospect who initially showed tantalizing potential.