Colts will have a lot of competition for the No. 3 pick in the 2023 NFL Draft

Florida Gators quarterback Anthony Richardson (15) looks to throw.

Syndication Florida Times Union
Florida Gators quarterback Anthony Richardson (15) looks to throw. Syndication Florida Times Union / Corey Perrine / USA TODAY NETWORK

As the 2023 NFL Draft nears, it appears several teams, including the Indianapolis Colts, will try trading for the Arizona Cardinals’ No. 3 pick.

The Indianapolis Colts enter the 2023 NFL Draft desperately needing to find a quarterback. For a moment, it looked like Indy could’ve trade for Lamar Jackson, but now that seems unlikely after the Baltimore Ravens signed Odell Beckham Jr. Now, Indianapolis will be entering the draft all-in on drafting a quarterback.

Unfortunately, the Colts only have the No. 4 pick in the draft. That’s a great spot to land a quarterback, Indy just won’t necessarily be able to decide what QB they want. After not trading for the No. 1 pick, there are at least two teams expected to select a quarterback before Indy: the Carolina Panthers and the Houston Texans. The bad news is, that number could grow to three.

Currently, the Arizona Cardinals hold the No. 3 pick, but they don’t need a quarterback because they have Kyler Murray. So, at No. 3, they could either draft a defensive prospect like Will Anderson, or trade the pick to a team in need of a young quarterback. Arizona is reportedly deciding what they will do, because there is a lot of interest in the No. 3 pick.

Colts among six teams interested in the No. 3 pick

According to Adam Schefter, there are at least six teams interested in the No. 3 pick. That’s bad news for Indianapolis, because Indy is likely one of the teams. That means if Indy wants to go up to three to select a quarterback, it will have to outbid all of the other teams just to move up one spot.

The alternative for the Colts would be staying at No. 4 and just selecting whatever quarterback falls to them. The only way the Colts would do that is if they feel all of the QBs are pretty close in talent. If that’s the case, it won’t really matter, so Indy wouldn’t be pressed to move up.

So entering the draft, the best-case scenario for Indy is that the Arizona Cardinals reject all trade offers and just make a selection at No. 3. That allows the Colts to stay at No. 4 and select the third quarterback off the board.

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