The Indianapolis Colts chose to apply the franchise tag to quarterback Daniel Jones instead of wide receiver Alec Pierce, who now plans to enter the free agency market starting March 11. Pierce, a 25-year-old and second-round pick from the 2022 NFL Draft, has emerged as a key weapon for Indianapolis, delivering his best performance yet in the 2025 season with 47 catches, 1,003 yards, and six touchdowns.
Pierce’s Impactful 2025 Season and Contract Prospects
During the recent season, Pierce started in 14 of 15 games, setting personal records that placed him among the top receivers in the league. Despite the Colts’ potential to sign him long-term before free agency, the team used its sole franchise tag on Jones, leaving Pierce free to explore other opportunities. Speaking on the Up & Adams show, Pierce expressed a clear intention to consider his options on the open market.
But at this point, I’ve kind of earned the right to explore free agency. See what’s out there.
Alec Pierce, Wide Receiver
Buffalo Bills as a Leading Contender for Pierce
Pierce is widely regarded as the premier free-agent wide receiver available this offseason, attracting attention from several teams, including the Buffalo Bills. Pierce specifically mentioned the prospect of joining Buffalo, praising its star quarterback Josh Allen.
That would be special. I mean he’s one of the most talented quarterbacks in the NFL and I am a big fan of his game. That would be cool, too,
Alec Pierce, Wide Receiver
The Bills struggled to find a receiver surpassing 800 yards last season and ranked 15th in passing offense, highlighting a need for a dynamic receiver. Pierce’s impressive league-leading average of 21.8 yards per catch over the past two years could provide Allen with a crucial new weapon to maximize his MVP-level skills.
Financial and Strategic Challenges for Buffalo
Buffalo currently holds roughly $8 million under the salary cap, which is significantly less than the $25 to $30 million annual contract Pierce is anticipated to command, according to Sports Illustrated’s Albert Breer. To acquire Pierce, the Bills would need to make strategic roster or contract adjustments to create the necessary salary space.
Potential Impact on the NFL Landscape
Adding Alec Pierce to Josh Allen’s arsenal could transform Buffalo’s aerial attack and push the team higher in league passing rankings. For Pierce, contesting the free agency market offers the chance to solidify his role as a premier NFL wide receiver, while also exploring opportunities alongside elite quarterbacks. The coming weeks will reveal if the Colts can reach an agreement with Pierce or if he will shift the balance of power in the AFC with a new team.
"I love Indy… but at this point, I've kind of earned the right to explore free agency. See what's out there."
Colts WR Alec Pierce on his impending free agency@alecpierce | @heykayadams pic.twitter.com/AaSZnqibeJ
— Up & Adams (@UpAndAdamsShow) March 4, 2026
If the Colts are unable to sign Alec Pierce, he will hit the open market commanding between $25-30 million per year, per @AlbertBreer.
The 49ers, Bills, Giants, Patriots, and Raiders are all expected to pursue Pierce as the top free agent wide receiver. pic.twitter.com/kP39oRoRYy
— Evan Sidery (@esidery) March 3, 2026
