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ESPN Projects Big Payday as Colts Weigh Franchise Tag for Alec Pierce

Back-to-back yards-per-catch titles elevate the Colts receiver into the top tier of this free-agent class.

Jan 4, 2026; Houston, Texas, USA; Indianapolis Colts wide receiver Alec Pierce (14) draws the pass interference penalty on Houston Texans safety K'Von Wallace (38) during the first half at NRG Stadium. Mandatory Credit: Thomas Shea-Imagn Images

Overview

  • ESPN’s Bill Barnwell estimates Pierce could seek about $30 million annually with a minimum of $62 million guaranteed over the first two seasons.
  • Barnwell highlights the franchise tag as an option for Indianapolis, projecting $28.1 million for 2026 and at least $33.7 million for a second tag in 2027.
  • Pierce led the NFL in yards per reception in 2024 (22.3) and 2025 (21.3) and logged 1,000-plus yards last season on 47 catches with six touchdowns.
  • Colts general manager Chris Ballard has called Pierce a priority, citing his growth into a threat at all three levels of the field.
  • Analysts cite multiple potential suitors and quarterback fits for Pierce, with his market standing to rise further if George Pickens is franchise-tagged by Dallas.