The Indianapolis Colts and wide receiver Michael Pittman Jr. agreed to a three-year contract extension, according to multiple reports Monday.
After applying the franchise tag before the deadline last week, the Colts and Pittman were able to come to an agreement on a big, three-year deal before the start of free agency.
According to Jordan Schultz of Bleacher Report, the deal is for three years and worth up to $71.5 million with $46 million guaranteed.
BREAKING: The #Colts and star WR Michael Pittman Jr. have agreed to a 3-year deal worth up to $71.5M with $46M guaranteed, sources tell @BleacherReport.
One of the NFL’s top young wideouts is secure long-term in Indy. pic.twitter.com/qkjpkTNcH4
— Jordan Schultz (@Schultz_Report) March 11, 2024
This move shouldn’t stop the Colts from adding to the wide receiver room, especially if a talented prospect like Rome Odunze or Brian Thomas Jr.—to name a few—are available with the No. 15 overall pick. But this locks in the team’s WR1 for the foreseeable future.
Pittman is coming off his best season in the NFL and has only gotten better with each season as a professional. He recorded 106 receptions for 1,152 yards during the 2023 season, both of which were career-high marks.
Despite working with seven different starting quarterbacks since entering the league in 2020, Pittman’s 3,662 receiving yards rank fifth among his peers in that draft class while his 336 receptions rank third behind only CeeDee Lamb (395) and Justin Jefferson (392).
In terms of Colts history, Pittman’s 336 receptions are the most in franchise history through a player’s first four seasons. He ranks third in receiving yards behind only T.Y. Hilton (4,413) and Marvin Harrison (4,141).
