The Indianapolis Colts have officially decided not to exercise Anthony Richardson's fifth-year option for the 2027 season—a move that comes as little surprise to those following the team's quarterback situation.

According to Mike Chappell, the Colts are passing on the option, which would have guaranteed the young signal-caller a fully guaranteed $22.48 million for the 2027 season. By the May 1st deadline, all teams must decide whether to pick up or decline the fifth-year option for their 2023 first-round picks. These one-year deals are based on position, playing time, and Pro Bowl selections, but for Richardson, the writing was on the wall.

The Colts have been actively trying to trade Richardson, making the option a non-starter from the start. General Manager Chris Ballard even admitted the topic wasn't on his radar, stating, "We have not even talked about it," just before the NFL draft. With a "soft" trade market, as Adam Schefter described it, the process has dragged on, but the Colts are holding out for a fair return.

For fans and analysts alike, the sooner a trade partner emerges, the better—as this decision signals a clear shift in Indianapolis's long-term plans under center. Whether you're tracking the Colts' rebuild or just love the drama of NFL roster moves, this is one story that's far from over.