Richardson has struggled since being selected 4th overall in the 2023 NFL Draft, posting a 45.0 QBR as a rookie in 4 starts and improving slightly to 47.4 in 11 starts in 2024. He missed most of the 2025 season after fracturing his orbital bone during pregame warmups.
With the Colts expected to sign QB Daniel Jones to a contract extension and rookie Riley Leonard showing promise, Richardson's $10.8M cap hit for next season creates a difficult decision for the team.