Colts shell out historic free agent deal to keep receiver Alec Pierce

Nick Wright, Kevin Wildes, Chris Broussard, and Danny Parkins discuss concern around a potential Super Bowl hangover for Patriots fans. Danny follows by unveiling his way-too-early Top 10 NFL teams, setting off debate across the desk.

The Indianapolis Colts kept one of their wide receivers in free agency, but shipped one out as well. 

Alec Pierce, who reportedly had offers elsewhere, is staying with the Colts after agreeing to terms on a four-year, $116 million deal, making the highest-paid free agent receiver in NFL history, according to multiple reports.

Pierce is getting $84 million in guarantees, including $60 million fully guaranteed at signing. 

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Indianapolis Colts wide receiver Michael Pittman Jr. (11) looks on during the NFL football game between the Indianapolis Colts and Pittsburgh Steelers on Nov. 2, 2025 at Acrisure Stadium in Pittsburgh, PA. (Mark Alberti/Icon Sportswire)

After the Pierce news hit the free agency stream, the Colts made a trade with the Pittsburgh Steelers, sending veteran receiver Michael Pittman Jr. in exchange for a late-round pick swap, which has yet to be announced. 

With Pittman’s deal scheduled to be up after this year, the Steelers reportedly inked him to a new three-year, $59 million deal to keep him in place for the near future. 

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The Steelers needed wide receiver help to go along with D.K. Metcalf, who they traded for last season with the Seattle Seahawks. The big question is who will be throwing passes for them this season, as all eyes are on quarterback Aaron Rodgers and whether a reunion with new head coach Mike McCarthy, who he spent years with in Green