The Indianapolis Colts made a massive commitment to retain one one of their best skill players, agreeing to a four-year, $116 million contract with receiver Alec Pierce.
The deal carries an average annual value of $29 million, the highest ever for a free agent receiver. The contract negotiated by agents Mike Swenson and CJ LaBoy was agreed on before Monday and it includes $84 million in guarantees, with $60 million fully guaranteed at signing. For Pierce, the new deal represents an incredible raise
from the four-year, $5.5 million rookie contract he signed after being selected in the second round of the 2022 NFL Draft.
More importantly for Indianapolis, it’s an investment that ensures the NFL’s most explosive playmaker remains a centerpiece of the offense in a long-term capacity. Pierce earned every cent of the lucrative deal following a breakout 2025 season where he established himself as one of the league’s premier deep threats. The 25-year-old hauled in 47 receptions for an absurd 1,003 yards and six touchdowns, averaging 21.3 yards per catch to establish his first 1,000-yard campaign.
His big-play ability has been unmatched across the league as Pierce has led the NFL in yards per reception in each of the past two seasons, which is a testament to his underrated speed and specialty to make explosive plays downfield. Pierce moved the chains for first downs on 88% of his catches in 2025, which was by far the highest rate in the league.
It was his game tape that made him one of the most coveted receivers entering the 2026 offseason, but the Colts moved aggressively to secure their top wideout before the market opened. Pierce confessed the Colts retaining QB Daniel Jones could influence his decision, so the Colts placed the transition tag on the resurgent signal caller.
Despite the Colts cycling through nine quarterbacks during his four-year career, Pierce remained the team’s most dangerous downfield target to force defensive units to stretch downfield on every snap. By inking Pierce to a new deal before he could truly test the open marker
