Colts reach 4-year, $116 million deal to keep WR Alec Pierce, AP source says

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INDIANAPOLIS (AP) — The Indianapolis Colts and receiver Alec Pierce have agreed to a four-year, $116 million contract extension, a person with knowledge of the deal confirmed to The Associated Press on Monday.

The person requested anonymity because the deal had not yet been announced.

Pierce has been a key component in the Colts offense each of the past two seasons when he led the league in yards per reception among qualifiers each season. He was expected to be one of the top receivers to hit free agency, but the deal will prevent him from hitting the market — just as it was about to open.

The move will keep Pierce and quarterback Daniel Jones, who received the transition tag from Indy, together again. They developed a close rapport last season, their first as teammates.

The deal was first reported on The Pat McAfee Show.

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AP Pro Football Writer Rob Maaddi contributed to this report.

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AP NFL: https://apnews.com/hub/NFL