Colts Fail to Tag Alec Pierce; WR Poised to Hit Free Agency After Breakout Year

The Indianapolis Colts made an 'aggressive move' to re-sign WR Alec Pierce before the tag deadline, but did not apply the franchise tag, valued at $27.3 million. Pierce, coming off a breakout 2025 season where he led the league in average yards per catch for a consecutive year (47 receptions, 1,003 yards, 6 TDs in 14 starts), is now poised to test the free-agent market. His preference to play with QB Daniel Jones is a factor, but with Jones receiving the transition tag, Pierce becomes the top free agent wideout and is expected to attract significant interest.