
Last week, multiple unnamed NFL executives criticized Indianapolis Colts general manager Chris Ballard for the way that Ballard handled the free-agency situations involving quarterback Daniel Jones and wide receiver Alec Pierce.
Ballard retained Jones' rights via the transition tag, and the club then got Pierce to agree to a four-year, $116M contract. Later in the week, Jones agreed to a two-year, $88M deal that could be worth up to $100M.
On Monday, Albert Breer of Sports Illustrated shared why the Jones and Pierce agreements actually do make sense for the Colts.
"The Colts’ decision to put the transition tag on Jones set a two-tag floor for doing a two-year deal at $83.2M," Breer wrote. "Two franchise tags, had they used that designation, would’ve cost $96.6M. The leverage for Jones, then, would be the prospect he signed the tender. Then the team was looking at a minimum price tag of $45.5M, and an untenable figure for a third tag in 2028, which would’ve made him very hard to re-sign."
Jones won eight of his first 10 starts with Indianapolis last season before he was first slowed by a fibula injury in Week 12. His campaign then came to a crashing halt when he suffered a torn Achilles on Dec. 7, 2025.
More recently, Jones insisted that his "goal is to be back by Week 1 and be ready to go" this coming September. It remains to be seen if such a recovery timeline is realistic for the 28-year-old.
As for Pierce, he led the 2025 Colts with 1,003 receiving yards. Understandably, Ballard didn't want to lose that type of production via free agency.
"The base value of $28.5M, with a max at $29M, puts him right where Terry McLaurin, Tee Higgins and Jaylen Waddle have done deals over the past couple of years," Breer noted. "The number, to be sure, looks big for a guy who had just 47 catches last season. But the Colts are paying him for what they think he’ll become, and flipped Michael Pittman Jr. out because what Pierce brings to the table (big-play ability) is harder to find than what Pittman does (toughness, reliability and chain-moving production)."
Of course, Ballard's decisions regarding the futures of Jones and Pierce could blow up in the executive's face if the Colts fail to end a playoff drought that's currently five years old. It's unclear if Ballard is facing any kind of postseason mandate as it relates to keeping his job beyond the 2026 campaign.
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