Day 12 of Indianapolis’ training camp delivered clarity on several positional battles and a promising glimpse of Anthony Richardson’s early NFL rhythm. Richardson and Daniel Jones both posted efficient days, with Jones connecting 21 of 28 and Richardson 18 of 23, spreading targets and handling downfield looks before firing a late two-minute TD drive. Will Mallory continued his ascent at tight end, pairing nicely with Richardson on a downfield strike, while Jelani Woods remains a steady option. The Colts’ special-teams edge appears to lean toward Spencer Shrader, and Tanor Bortolini’s center feasibility rose with Danny Pinter sidelined.

Offensively, the Colts are already sorting tight end roles, with Mallory and Woods vying for the last roster spot but Bowen signaling Mallory’s retention. In the backfield, Tyler Goodson has stepped forward in the RB3 race, while Khalil Herbert’s absence has the door ajar for Goodson’s increased workload. Defensively, multiple players are expected to rotate behind Zaire Franklin as the linebacker next to him remains unsettled. A corner opposite Charvarius Ward is still uncertain amid injuries, setting up a potentially telling joint practice with Green Bay.

For fantasy and betting, the takeaway is Richardson’s workflow and decision cadence improving even when third-down converts aren’t flawless yet, with the two-minute sequence signaling late-game readiness. Mallory’s continued involvement suggests a broader TE role in pass-heavy sets, while Shrader’s leg up at kicker could translate into early-season value. The ongoing RB and CB depth questions add a layer of volatility that could swing week-to-week in camp-to-season transitions.