The Indianapolis Colts traded wide receiver Josh Downs and a 2027 seventh-round pick (originally from the Buffalo Bills) to the Kansas City Chiefs on November 10, 2026, just before the NFL trade deadline. In return, the Colts received a 2027 fourth-round pick and a 2027 fifth-round pick. Downs, who had requested a trade earlier in the season, expressed gratitude for his time in Indianapolis and excitement about joining Patrick Mahomes in Kansas City.
Chiefs Grade: B+
Kansas City (6-2) added a proven slot weapon to an offense that has averaged only 117.5 receiving yards per game from wide receivers this season, the fewest of the Mahomes era and 28th in the league. The 25-year-old Downs has recorded 1,995 receiving yards from the slot since entering the league as a third-round pick in 2023, second only to Detroit's Amon-Ra St. Brown (2,160). The Chiefs surrendered no Day 2 draft capital, and Downs could build a rapport with Mahomes that leads to a long-term deal after the 2026 season.
Colts Grade: A
Indianapolis moved a disgruntled player in the final year of his rookie contract who was unlikely to re-sign with a team entering a rebuild under a new general manager. Securing two early Day 3 picks for a player who had one foot out the door represents strong value for the Colts.
