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Alec Pierce’s Breakout Puts Colts in Real Re-Sign Decision as Free-Agent Price Nears $20 Million

League evaluations point to a big-market deal for the vertical threat, prompting Indianapolis to revisit plans that previously trended against keeping him.

Overview

  • ESPN’s Jeremy Fowler reports teams expect Pierce could command about $20 million per year in free agency.
  • Pierce is in the final season of his rookie contract and is set to reach the market this offseason.
  • ESPN’s Stephen Holder reported the Colts once saw a return as financially unlikely, but sources now describe his re-signing as a very real possibility following roster moves that included trading Adonai Mitchell in the Sauce Gardner deal.
  • Through eight games he has 28 receptions for 585 yards and an NFL-best 20.9 yards per catch, returning from a Week 3 concussion that cost him Weeks 4 and 5 while expanding his intermediate route impact, according to coach Shane Steichen.
  • Indianapolis typically avoids in-season extensions, and the decision on Pierce intersects with Daniel Jones’ contract and a 2026 cap outlook projected at roughly $47.7 million in space, per Over the Cap.