Josh Downs Next Team Odds: Where Does the Colts WR Land?

Josh Downs asked out almost two weeks ago. The Colts still haven’t moved him, and the clock runs out tomorrow at 4 p.m. ET.

What’s changed is the price. Adam Schefter and Ian Rapoport reported Saturday that Indy opened at a third-round pick and has told teams it’s received a fourth-round offer. That’s cheap enough for basically any contender to get in.

If you’re asking who the next NFL player to get traded is, it’s Downs or Jonathan Taylor. We still lean Downs. Taylor’s the bigger name, but his price is sky high. Downs has asked, he’s on an expiring deal, and teams were already calling.

No sportsbook has a market up on this, so we built our own. Here’s how we’d price it. If you want to see where real NFL lines are posted, check our best NFL betting sites and apps.

Josh Downs Next Team Odds

Odds are Mr. Gamble projections as of November 9, 2026, and aren’t available at sportsbooks.

Why Is Downs Next Out the Door?

Because everything lines up.

Indy is 2-7 and in teardown mode. Chris Ballard got fired October 19, and interim GM Ed Dodds has been stockpiling picks. Quenton Nelson brought back a 2027 third and a 2028 fifth, and DeForest Buckner got a fourth.

Downs is 25 and in the last year of his rookie deal. He’s a 2027 free agent, and the Colts weren’t paying him long term anyway.

And he’s frustrated. Through eight games he has 30 catches for 330 yards and one touchdown, and that touchdown didn’t come until the 42-7 loss at Jacksonville. With Alec Pierce on IR, he’s been seeing a second defender all season. Daniel Jones hasn’t helped.

Per ESPN, multiple teams showed interest, but nothing moved. So he asked. When reporters asked him about it, he said he’s “open to whatever.”

That’s not a guy who wants to stay.

What Will It Cost?

Not much, and it just got cheaper.

The Colts started at a third-round pick. They’re now telling teams they have a fourth-round offer. Downs is a slot guy on an expiring deal, so think Day 3 pick, maybe with a sweetener.

That’s easy for a contender to say yes to.

Kansas City Chiefs, +225

Still the obvious one, though a little less obvious than last week.

Rashee Rice came off the injury report ahead of Week 8, which cools things down some. But Tyquan Thornton is on IR with a dislocated ankle, and Schefter and Rapoport both have the Chiefs in the receiver market. Downs would give Patrick Mahomes an easy completion on third down. He’s cheap, he’s available and he fills a hole.

The Ringer has KC and Pittsburgh as the two likeliest. We agree.

Pittsburgh Steelers, +275

Pittsburgh reportedly showed interest back in October. Jordan Schultz said a deal wasn’t likely that week but expected Downs to get moved eventually. ESPN lists the Steelers in the receiver market too.

Aaron Rodgers wants the ball out fast, and Downs fits that. The knock is that DK Metcalf, Michael Pittman and rookie Germie Bernard are already there. It’s more luxury than need.

San Francisco 49ers, +500

Big mover. We had them at +1200 last week.

The Niners are in the receiver market per ESPN, and they already bought once with Buckner. Downs would give Brock Purdy another separator underneath next to George Kittle and Christian McCaffrey. We still haven’t seen much direct buzz, so we’re not pushing them higher.

New England Patriots, +800

The fun angle here is Drake Maye.

They were teammates at North Carolina in 2022, when Downs caught 94 balls for 1,029 yards and 11 touchdowns. That kind of chemistry doesn’t just disappear. The Pats also added A.J. Brown this offseason, and Downs would give Maye a reliable underneath option to go with him.

We moved them back because nobody’s reported anything. It’s all theory.

The Rest of the Board

The Rams are +900. Davante Adams was expected to miss about two months, and Downs next to Puka Nacua would make a ton of sense for Matthew Stafford. He’d keep a real role once Adams is back, too.

Staying with the Colts is also +900. It could happen, but we doubt it. The only real path is if Indy hates every offer and rides it out, and hanging onto an expiring player who asked out gets them nothing.

Atlanta is +2500. The Falcons have popped up in a couple of landing-spot lists as a team that wants another playmaker next to Drake London, Bijan Robinson and Kyle Pitts. Nothing concrete.

When Will We Know?

Tomorrow at 4 p.m. ET.

If a team and the Colts settle on that fourth-round number, this is a quick call. Receiver-needy contenders are the ones to watch.

Keep an eye on Taylor too. If Indy decides to move JT, that’s the blockbuster. But Downs is the one most likely to go first.

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