Anthony Richardson may not win the backup QB job in Indianapolis

Anthony Richardson's stock takes a real hit here, and this is a draft-prep note worth flagging before you lock in your board. Two independent reports agree he could land third on the Colts' depth chart, meaning he might not even be the backup quarterback, let alone a path to the starting job this season. For a former top-five pick, that's a significant signal about how the organization currently views his readiness and standing on the roster.

For fantasy purposes, this pushes Richardson firmly into late-round, deep-bench territory at best in most redraft formats. If he's not even guaranteed the QB2 role, his odds of meaningful snaps — let alone a starting opportunity due to injury or performance change ahead of him — shrink considerably. Dynasty and keeper managers holding him for long-term upside should lower expectations and treat him as a speculative stash rather than a priority asset; his draft capital pedigree no longer guarantees a runway to playing time.

Actionable takeaway: do not draft Richardson with any expectation of standalone value this year. In single-QB leagues, he's essentially undraftable unless you're stashing purely on name recognition with several bench spots to spare. In dynasty leagues, this is a moment to consider testing his trade value now, before further clarity (or lack thereof) erodes it more. Confidence is solid given two corroborating sources, though both reports use hedged language ("may not," "potentially"), so treat the depth-chart outcome as likely but not yet finalized — monitor for official confirmation as camp battles play out.