Colts WR Alec Pierce said he has “earned the right to explore free agency.”

04 March 2026

Pierce said this after Kay Adams asked him how the likely return of Daniel Jones will affect Pierce’s thoughts heading into free agency. He added that this will give him the opportunity to “see what’s out there.” It doesn’t sound like the Colts are getting a hometown discount on Pierce after opting not to place a tag of any kind on him. With the transition tag placed on Jones, the Colts are currently $4.7 million over the cap. The Titans, Raiders, Commanders, and Jets all need help at receiver and have over $70 million in cap space to work with. All signs point to Pierce, coming off his first 1,000-yard season, finding a new home on the open market.