The franchise tag deadline is just hours away and there has been a positive development between the Indianapolis Colts and wide receiver Alec Pierce.
According to ESPN's Stephen Holder, there has "been some positive movement" in contract talks with Pierce and "a deal today feels possible."
However, Holder also adds that there's a "long way to go" to get something done. Holder calls the situation with quarterback Daniel Jones "fluid."
There’s been some positive movement in the past 24 hours," Holder wrote. "Talks [with] Alec Pierce continue and a deal today feels possible. But long way to go. This will likely go down to the franchise tag deadline today at 4 ET."
"Daniel Jones’ situation also fluid," Holder added.
The Colts are hoping to keep Pierce off the free-agent market, where he's going to draw a ton of interest, decreasing his odds of returning.
Two way to keep him from getting there are a contract extension and using the franchise tag, but the Colts might need that for Jones.
Things have not been looking good on the Jones extension front recently, as the Colts and the veteran signal-caller are reportedly far apart in talks, according to ESPN's Dan Graziano.
The good news is, the Colts don't have to get an extension done today with whoever they don't use the franchise tag on, as the unofficial start of free agency doesn't fall until March 9, when the legal tampering period begins.
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