The Indianapolis Colts and extensive receiver Michael Pittman Jr. are finalizing a three-year, $70 million contract, sources informed ESPN’s Adam Schefter on Monday.
The contract has a max worth of $71.5 million and contains $46 million assured, a supply informed Schefter.
The Colts positioned the nonexclusive franchise tag on Pittman final week after the edges have been unable to succeed in settlement on a long-term deal earlier than the deadline.
Pittman has been one of many extra completed receivers in Colts historical past, with solely 5 others — Marvin Harrison, Reggie Wayne, T.Y. Hilton, Dallas Clark and Invoice Brooks — catching extra passes than Pittman’s 336 receptions over 4 seasons.
Pittman, 26, generated profession highs in 2023 with 109 catches for 1,152 yards. He was, by far, the Colts’ high goal with 28.2% of the workforce’s complete targets, which ranked eleventh within the NFL. His 208 receptions since 2022 additionally ranks fifth within the NFL throughout that span.
He missed a Week 16 sport after he was positioned in concussion protocol following a Week 15 hit by Pittsburgh Steelers security Damontae Kazee, who was ejected after which suspended for the ultimate three video games of the season. Pittman was cleared from the protocol on the next Friday, however he skilled a relapse of signs sooner or later later after arriving in Atlanta for a sport towards the Falcons and went again into protocol.
At 6-foot-4 and 223 kilos, Pittman offers an enormous goal for his quarterback and is a prepared and, at occasions, devastating blocker within the operating sport. He has talked at size in regards to the impending return of 2023 first-round choose Anthony Richardson to the Colts’ lineup, and the affect the younger quarterback’s presence may have on the workforce’s passing sport.
ESPN’s Stephen Holder contributed to this report.