Alec Pierce contract details: Indianapolis Colts give WR historic $114 million deal
The Colts have agreed to a deal with wide receiver Alec Pierce, making him the highest-paid wide receiver ever to sign as a free agent in NFL history.
The Indianapolis Colts agreed to a four-year, $114 million contract with free agent wideout Alec Pierce.
The deal keeps Pierce in Indianapolis and makes him the highest-paid free agent wide receiver in NFL history, according to the contract terms negotiated by agents Mike Swenson and CJ LaBoy.
Free agent WR Alec Pierce has agreed to terms to remain in Indianapolis on a historic 4 year $114M deal that will make him the highest paid free agent receiver in NFL History.
— Ian Rapoport (@RapSheet) March 9, 2026
The deal negotiated by agents Mike Swenson and CJ LaBoy, came together overnight and contains $84m in… pic.twitter.com/Op9qCpsNYq
The agreement reportedly came together overnight as both sides pushed to finalize a long-term deal before Pierce could explore other options on the market.
Key details of Alec Pierce’s new contract
Pierce’s new contract includes several significant financial components:
- Total value: $114 million over four years
- Maximum value: $116 million with incentives
- Total guarantees: $84 million
- Fully guaranteed at signing: $60 million
That structure gives Pierce substantial security while also giving Indianapolis some flexibility through performance incentives that could push the deal slightly higher. The contract also represents a significant commitment by the Colts to their passing offense.
At $28.5 million per year on average, Pierce now ranks among the league’s highest-paid wide receivers and sets a new benchmark for contracts signed by free-agent receivers. Indianapolis clearly views the receiver as a long-term cornerstone of their offense, rewarding him with a contract typically reserved for elite playmakers.
Pierce has steadily developed into a key weapon for Indianapolis’ offense, showcasing his ability as a vertical threat and dependable target in the passing game. Rather than risk losing him in free agency, the Colts moved aggressively to secure him with a deal that ensures he remains a centerpiece of their offensive plans for the foreseeable future.
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