Colts GM Hopeful for Alec Pierce Deal, Prefers No Franchise Tag

Colts GM Chris Ballard stated the team prefers not to use the franchise tag on pending free agent receiver Alec Pierce, though it remains an option. Ballard remains hopeful the team can get a long-term deal done with Pierce before free agency begins, describing discussions as "very positive." Pierce has led the league in yards per reception over the past two seasons, finishing 2025 with career-highs of 1,003 receiving yards, 47 receptions, and six touchdowns. The Colts have until March 3 to decide on the tag.