Colts QB Leonard, Richardson to play preseason W1

Richardson spent training camp and the preseason battling it out with Riley Leonard for the backup gig. Given the arc of Richardson’s career, earning the backup gig is undoubtedly a win for the young passer. Richardson isn’t on the redraft fantasy radar, but dynasty managers can leave the light on for him.

Richardson is listed alongside Riley Leonard as the team’s QB2 for now. Either Leonard or Richardson — who struggled in the preseason — will serve as Daniel Jones’ backup this season. One of the most inaccurate passers in modern NFL history, Richardson would be a massive downgrade for all Indy pass catchers if he finds his way under center in 2026.

Holder cites comments made by Colts assistant general manager Ed Dodds today. Dodds did not come right out and share the team’s plans, but when asked about Richardson’s status, he stressed the importance of having three quarterbacks on the roster. The Colts’ quarterback position group was so banged up last year that they brought Philip Rivers out of retirement. Recouping value for Richardson has its merits, but the Colts intend to compete this season. Keeping the quarterback room deep makes sense.

Richardson’s interception came on a play in which the ball bounced off his receiver’s hands and into a defender’s arms. The former No. 4 overall pick was mostly solid on Thursday, making quick and decisive throws to his receivers while going a perfect 6-for-6 on pass attempts of 10-plus air yards. Richardson also lost a fumble on a 10-yard scramble in the second quarter, but made up for it later on a one-yard touchdown run on a QB sneak. His days as a Colt are likely numbered. Richardson stringing together a nice preseason could draw the interest of several QB-needy teams before the start of the season and position him to eventually see the field sometime in 2026.

Richardson and Riley Leonard will both play, while Daniel Jones will sit. Richardson’s trade request this offseason has gone nowhere, but the Colts appear to be giving him ample opportunity to showcase himself in the preseason as he will get the first half here and the second half next week against Atlanta, while Leonard picks up the other two halves. The Colts are likely hoping someone talks themselves into trading a low pick for Richardson.

Rapoport adds that he “would not be surprised” if Richardson has played his last down as a Colt, and believes he could be traded or waived, seemingly soon. Richardson was recently seen taking third-team reps at practice, and Rapoport wonders whether Richardson can really see pass rushers on either side of him or the receivers running routes downfield. Richardson infamously injured his eye in a pre-game mishap with a resistance band last year, which Rapoport describes as “one of the most absurd and ridiculous injuries of all time.” He really didn’t hold back here. Back in May, The Athletic’s James Boyd used the “questions remain” line regarding Richardson’s eyesight as well, but follow-up reports have been difficult to come by. Richardson’s time as a Colt may be coming to a close, but finding a new team could be harder than expected if there is more to this eyesight story.

Richardson, as usual, has been impressive on deep balls, but has had “issues involving his timing and anticipation, securing the snap has been a problem, as he’s bobbled or dropped several shotgun snaps,” Arthur said. Richardson is competing with Riley Leonard for QB2 duties behind Daniel Jones. Leonard, according to Arthur, has seen “slightly” more work with the Colts’ second-team offense than Richardson has in camp. Leonard has been “finding the layups” in Shane Steichen’s offense — an area in which Richardson has struggled as a pro. Leonard would seem to be the favorite to serve as Jones’ backup in 2026.

Arthur said Jones, coming off a December Achilles tear, looks “as if he’d never had major surgery, taking off on full-speed scrambles multiple times. He’s been efficient and accurate, kept the offense in rhythm, and spread the ball around.” This is in line with everything else coming out of Colts camp just eight months after Jones ruptured his Achilles — an injury that often requires a year of recovery. If Jones is able to scramble as much as he did before the injury, he could be one of the best late-round quarterback picks in fantasy this summer. Arthur said Jones has spread the ball around in camp, with Josh Downs and Tyler Warren seeing the bulk of the targets.

Somehow, Daniel Jones returned. Both GM Chris Ballard and head coach Shane Steichen “reported on the quality of his play with a little relief,” though he isn’t quite 100 percent yet. It does sound like he’s trending towards playing Week 1 and should be mobile enough to make the Colts offense work even if he’s not quite as fast as he was before tearing his Achilles. It’s good news for the Colts’ pass-catchers and Jonathan Taylor.

It was reported earlier this month that Jones was “cleared to do everything,” but now we have it straight from the source. After suffering a torn Achilles in Week 14 of last season, Jones has rehabbed and worked his way back to playing shape in time to open camp with the Colts at full strength. Jones had a nice season with the Colts before going down last year, throwing for 3,101-19-8 in 13 games while adding another 45-164-5 on the ground. He was rewarded with a two-year, $88 million contract this offseason and will look to lead the Colts to the playoffs after last year’s team fell short despite starting the season with an 8-2 record. Jones profiles as a fringe QB1/QB2 in fantasy after finishing as a QB1 in six of the 13 games he appeared in last season.