ESPN’s Stephen Holder reports there’s been “positive movement” in the last 24 hours of the Colts’ negotiations with Alec Pierce.

03 March 2026

“A deal feels possible. But long way to go,” Holder concludes. Pierce would be likely to get over $30 million a year if he hit free agency, and with Daniel Jones now appearing to shift to the main target of a Colts tag, it’s imperative that Indianapolis doesn’t let Pierce get past the franchise tag deadline today without a deal. We see no reason for Pierce to not explore free agency, but sometimes players opt for certainty. Holder categorizes Jones’ situation as “also fluid.”