According to Indianapolis Colts general manager Chris Ballard, while he could’ve traded up for the #1 overall spot earlier, he’s comfortable with the rookie quarterback class’s top depth early in the 2023 NFL Draft (via The Athletic’s Zak Keefer):
Chris Ballard on not trading up w/ Carolina for the 1st pick:
"History kind of tells you when you when you do that, you better know what you're getting ... we weren't quite ready to do that. And we feel like there was enough depth in in the draft that we were gonna be OK.