With Daniel Jones getting the transition tag, the Colts cannot tag free-agent-to-be WR Alec Pierce. But the Colts still hope to work out long-term deals with both players.
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.