The move comes as Richardson, entering his fourth NFL season, seeks a new path after a challenging 2025 campaign. He started last season as the Colts’ quarterback but lost the job to Daniel Jones, played only two games, and finished the year on injured reserve due to a fractured orbital bone suffered in October.
Over three seasons, Richardson has compiled an 8-7 record as a starter. His NFL stat line includes a 50.6% completion rate, 6.9 yards per attempt, 11 passing touchdowns, 10 rushing touchdowns, and 13 interceptions. The quarterback previously drew scrutiny and fascination from teams around the league, including the Steelers, as a potential long-term answer under center.
This development marks a formal step in Richardson’s search for a new NFL fit. Teams interested in his upside and potential fit would now pursue discussions with the Colts and Richardson’s representatives, while evaluating how his athleticism and passing development could translate within their systems.
As the offseason progresses, the Steelers and other franchises will assess Richardson’s upside against available options, balancing the QB’s raw traits with the strategic needs of their rosters. The situation remains fluid, with more clarity likely to emerge as teams explore trade possibilities and evaluate their quarterback depth charts.