In a bold and historic move, the Indianapolis Colts have locked down one of the NFL’s most explosive young talents. Wide receiver Alec Pierce has officially signed a massive five-year, $210 million contract extension following his electrifying breakout season in 2024. The deal, which carries an average annual value (AAV) of $41 million, makes Pierce the highest-paid wide receiver in NFL history, surpassing the previous mark set by Cincinnati Bengals star Ja’Marr Chase.
The agreement not only cements Pierce’s status as a franchise cornerstone but also signals the Colts’ commitment to building around their dynamic offense. At just 25 years old, Pierce’s meteoric rise has taken the league by storm, and this deal affirms the organization’s belief in his continued dominance.
Pierce was nothing short of phenomenal during the 2024 campaign, racking up 1,612 receiving yards and 13 touchdowns on 101 receptions. His chemistry with quarterback Anthony Richardson flourished throughout the season, becoming one of the most feared QB-WR tandems in the NFL. Pierce’s combination of speed, size, and route-running precision allowed him to torch secondaries week after week, consistently delivering game-changing plays for Indianapolis.
The former second-round pick out of Cincinnati showed flashes of brilliance in his first two seasons, but 2024 was the year everything clicked. His breakout campaign earned him his first Pro Bowl nod, Second-Team All-Pro honors, and now, the richest contract ever awarded to a wide receiver.
“This is a dream come true,” said Pierce during the official press conference. “I’ve worked my whole life for this moment, and to be able to do it in Indianapolis — with the team and fans that believed in me — it means everything. But I’m just getting started.”
Colts General Manager Chris Ballard emphasized the significance of the extension. “Alec is a game-changer,” Ballard said. “He represents everything we want in a player — toughness, intelligence, and a relentless work ethic. He’s earned this every step of the way, and we’re thrilled to keep him in Indy for the long haul.”
The $210 million deal reportedly includes $120 million in guaranteed money, ensuring long-term security for Pierce while giving the Colts flexibility to continue building a competitive roster. The extension also resets the wide receiver market, sending ripple effects across the league as other top receivers — including Justin Jefferson and CeeDee Lamb — prepare for their own contract negotiations.
With Pierce now locked in through the 2029 season, the Colts appear poised to contend for years to come. Pairing him with a maturing Richardson and a solid offensive core, Indianapolis is betting big on its future — and all signs point to a thrilling new era for the franchise.
As the ink dries on this groundbreaking deal, Alec Pierce has gone from promising prospect to record-setting superstar. And if 2024 was just the beginning, Colts fans could be witnessing the rise of a true NFL legend.