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Colts decline Anthony Richardson's fifth-year option, setting up 2027 free agency.

Anthony Richardson will hit unrestricted free agency after the 2026 season after Indianapolis declined his fifth-year option. The move signals the Colts are evaluating their QB situation with the 2026 campaign serving as a prove-it year for Richardson. This creates flexibility for Indianapolis to pursue other quarterback options in free agency or the draft if Richardson doesn't perform.
Fantasy Impact: NEUTRAL
Dynasty and best ball players should monitor Richardson's 2026 performance closely—a strong season could land him a lucrative long-term deal elsewhere, while a weak year tanks his landing spot. This is a key inflection point for Richardson's long-term fantasy value, so track his offseason usage and preseason performance.
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