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Steelers Land Michael Pittman Jr. From Colts in Late-Round Swap, Finalize 3-Year, $59 Million Deal

Indianapolis made the move to clear roughly $24 million in 2026 cap space after re-signing Alec Pierce.

Overview

  • The reported terms have Pittsburgh receiving Michael Pittman Jr. and a seventh-round pick, with Indianapolis getting a sixth-round pick.
  • Pittsburgh immediately agreed to a three-year, $59 million extension with Pittman following the trade.
  • Reports characterize the move as a salary-cap decision for the Colts, who shed an estimated $29 million 2026 cap hit to free about $24 million.
  • The transaction was lined up to be processed at the start of the new NFL league year on Wednesday at 4 p.m. ET.
  • Pittman, 28, posted 80 catches for 784 yards and seven touchdowns in 2025 and will pair with DK Metcalf in Pittsburgh as questions persist about the Steelers’ quarterback situation.