Indianapolis Colts

Indianapolis Colts quarterback Anthony Richardson started just 13 games in his collegiate career at Florida and four games last year during his rookie campaign. The elite athlete from the QB spot has all the physical tools to succeed, but it could take time for him to develop. Heading into 2024, Colts general manager Chris Ballard said the team expects "roller-coaster moments" from the 22-year-old. "Most quarterbacks, when they're young, they go through those moments, but you have to learn from them, grow from them, and keep moving forward," Ballard said. "Just look around the league and it's a little bit up and down." While Richardson is likely to be inconsistent as a passer, his rushing floor and ceiling should stabilize his fantasy value. Despite leaving three of his four games early last year, he racked up at least 17.7 fantasy points in three of four contests, and he scored 29.6 fantasy points in Week 4 against the Los Angeles Rams. If he can stay healthy, he has a clear path to a QB1 season in fantasy football, even if he struggles through the air.

Indianapolis Colts running back Trey Sermon (hamstring) is practicing with the team on Wednesday. With Sermon returning to practice on Wednesday, he should be ready to go for the Week 1 regular-season opener in the first week of September. The 25-year-old injured his hamstring in the team's preseason opener on Aug. 11 and sat out the final two preseason contests as a result. Before his injury, though, he was trending as the club's RB2 behind starter Jonathan Taylor. It remains to be seen if that's still the case and if he's ahead of Tyler Goodson on Indy's RB depth chart. The former third-rounder out of Ohio State is probably nothing more than a handcuff option in the very deepest of fantasy leagues for managers that have Taylor rostered. In his first year in Indy in 2023, Sermon had 35 carries for 160 yards (4.6 yards per tote) and caught three passes for 13 yards in 14 games.

The Indianapolis Colts waived running back Evan Hull on roster cutdown day on Tuesday, according to a source. Hull did not make the 53-man roster out of training camp after he was selected in the fifth round last year out of Northwestern. In his rookie campaign, the 23-year-old only appeared in one game and had one carry for a one-yard pickup while catching his only target for a six-yard pickup before suffering a knee injury that kept him out the rest of the way. It would be surprising if the speedy and powerful back didn't land elsewhere for RB depth, and at the worst, he'll return to the Colts' practice squad after losing out to Trey Sermon and Tyler Goodson as the backups to starter Jonathan Taylor. Hull is more of a short-yardage, between-the-tackles runner than he is a pass-catching option out in space.

The Indianapolis Colts placed tight end Jelani Woods (toe) on season-ending Injured Reserve on Tuesday due to his recent toe surgery, according to a source. It's a tough break for Woods, who also missed all of the 2023 campaign due to hamstring issues. The 25-year-old specifically needed surgery to fix turf toe and won't be able to contribute for the Colts until 2025. The third-round pick in 2022 caught 25 of his 40 targets in his rookie season in 2022 for 312 yards and three touchdowns in 15 games (two starts). Woods was going to have more of a shot at an elevated role in Indy in 2024, but those opportunities will now most likely fall to Kylen Granson. However, Granson isn't really on the TE radar in standard 12-team leagues among a committee approach to the position in Indy that also includes names like Mo Alie-Cox, Drew Ogletree and Will Mallory.

Indianapolis Colts wide receiver Josh Downs (ankle) is uncertain to be available for the season opener, according to head coach Shane Steichen. Downs has been sidelined since he suffered a high-ankle sprain in early August. The 23-year-old appears to be making progress, but he still has more work to do before being ready to play. The absence of Downs is a blow to this offense considering he registered 68 receptions for 772 yards in 17 games last season. If he misses time, Alec Pierce and Adonai Mitchell would both see a boost in targets and fantasy value early in the season.