Alec Pierce looms as one of the top free agent options at the receiver position this spring. Remaining with the Colts appears to still be on the table, although an exploration of the market also seems to be approaching. 
“I’ve got great relationships here with this organization and the people in this building, this city,” Pierce said on Monday (via Nathan Brown of the Indy Star). “They’ve done so much for me so far, and I definitely would love to continue to be part of this organization, and we’ll see where things go.
“But I don’t know. I don’t know how this will all work out… I think I’ve got to see it all laid out in front of me. There’s so many different variables that go into that decision. I think it’s really hard to say what the priorities are, because you’re looking at 50 different variables at each place.”
While playing out his rookie contract, Pierce has emerged as one of the league’s premier deep threats. In each of the past two seasons, the former second-rounder has topped the NFL in yards per reception average. Pierce enjoyed a career year in 2025, setting a new personal best in catches (47) and yards (1,003).
Even after quarterback Daniel Jones suffered his Achilles tear, Pierce managed to have strong games at times down the stretch (including a two-touchdown performance yesterday). The Cincinnati product could be highly sought after during his first trip to free agency, especially if George Pickens winds up receiving the franchise tag from the Cowboys to prevent a departure. Whether it comes from the Colts or a new team, a major raise is forthcoming in Pierce’s case.
With Indianapolis having elected to retain head coach Shane Steichen and general manager Chris Ballard, attention will turn to the matter of re-signing Jones. The 2024 free agent signing enjoyed a stellar campaign prior to being injured, and he wants to stay in place. Keeping Jones in the fold will require more than the $14MM he signed for last spring, although the injury could complicate his value.
Pierce, 25, said continuing to play with Jones represents an attractive selling point in the case of re-signing with the Colts. Based on his comments, however, it would come as little surprise if he were to at least test the waters in March.