Entering the 2025 season, Alec Pierce appeared to be in line for a departure once his rookie contract expired. A new Colts deal is now something to watch for, though. 
Indianapolis’ 9-2 start to the season has included a stronger-than-expected showing on offense. Pierce has played a major role in that regard, with the vertical threat showcasing a more varied receiver skillset along the way. As a pending free agent, his play down the stretch will be worth watching closely.
The Colts included Adonai Mitchell in the Sauce Gardner trade. As a result, retaining Pierce for 2026 and beyond would now be more feasible. The 25-year-old is currently on track to be one of the most in-demand wideouts on the open market given his performances to date this season. No thought is currently being given – at least publicly – to Pierce’s financial situation, however.
“All that’s on my mind is winning games, winning the division, get in the playoffs, make it to the Super Bowl,” the former second-rounder said when asked about a potential extension (via Joel A. Erickson of the Indy Star).
As Erickson notes, the Colts have a history of working out big-money deals during a season. He writes it is therefore “not out of the question” a new Pierce accord could be agreed to before the end of the campaign. Doing so would prevent the Cincinnati product from testing free agency during his first opportunity to do so.
Erickson echoes a previous report that $20MM per year could represent the floor for a Pierce extension. The team’s skill-position group is led by fellow receiver Michael Pittman Jr., whose 2024 extension averages $23.33MM annually. Tight end Tyler Warren has impressed during his rookie season, but no long-term deal in his case will be possible until after the 2027 campaign. Running back Jonathan Taylor is under contract for next year, although without any of his base salary guaranteed he could be on the list of targets for an extension in the near future.
Of course, Indianapolis’ financial planning will revolve in large part on quarterback Daniel Jones. A major raise is in store in that case, and the Colts are expected to make a long-term commitment. Regardless of what happens on that front, Pierce – who is once again leading the league in yards per catch (20.9) – remains on track for a lucrative second contract. It will be interesting to see if team and player pursue an agreement soon or elect to wait until the spring.