Colts aim to sign WR Pierce, QB Jones before free agency, says GM Ballard

The Indianapolis Colts are actively pursuing contract extensions for wide receiver Alec Pierce and quarterback Daniel Jones ahead of the upcoming free agency period.

Why it matters: Retaining both players could significantly bolster the Colts' offensive capabilities, especially as they look to build on last season's progress.

• Alec Pierce had a breakout year with 47 catches for 1,003 yards, leading the NFL with an average of 21.3 yards per reception.
• Daniel Jones, who stepped in after joining from the New York Giants, threw for 3,101 yards and 19 touchdowns in just 13 games before suffering a torn Achilles that sidelined him for the final four games.

What’s new: General Manager Chris Ballard has expressed optimism about finalizing agreements with both players.

• "It's been very positive," Ballard stated regarding the negotiations. "When both sides are driven to get it done, it usually works out in the right way."

Yes, but: The Colts face the challenge of balancing their budget, especially with franchise tag costs looming.

• The franchise tag for quarterbacks is set at $47.3 million, while receivers will command approximately $28.8 million.
• This financial consideration adds pressure to the front office as they aim to secure both players without disrupting team finances.

What to watch: The recovery status of Daniel Jones could play a crucial role in these negotiations.

• Jones is currently rehabilitating from an Achilles injury, and head coach Shane Steichen believes he is attacking his rehab effectively.
• "I feel confident he'll be ready to go for training camp," Steichen noted, emphasizing the importance of Jones' return to form.

Our thought bubble: The Colts must weigh the immediate need for talent against long-term salary cap implications.

• Retaining Pierce and Jones could solidify their offensive lineup, particularly as Anthony Richardson, the fourth overall pick in the 2023 draft, prepares for his own transition into the starting role once fully recovered from his orbital fracture.

The bottom line: With key pieces like Pierce and Jones potentially on the verge of new deals, the Colts are strategizing to enhance their competitiveness while navigating financial constraints effectively.