The Indianapolis Colts were a captivating story in the NFL throughout the 2025 season. They started strong, with quarterback Daniel Jones delivering MVP-caliber performances. However, his Achilles injury was a game-changer, derailing the Colts' playoff aspirations.
Heading into the offseason, the Colts' priority should be securing Jones with a long-term contract. Both parties are eager to extend their relationship, setting a positive tone for negotiations. Yet, the financial implications could present challenges.
Jones' market value is pegged at approximately $43.6 million annually, surpassing the likes of Baker Mayfield and Sam Darnold, and aligning with Kirk Cousins. This poses a dilemma, as the Colts have just $35.72 million in cap space to work with.
Despite these constraints, Colts fans can remain hopeful. There are strategic options available, such as structuring Jones' contract to minimize the 2026 cap hit, though it might mean future financial adjustments. Additionally, Jones might consider a hometown discount, given the limited market for his long-term services elsewhere.
Regardless, the Colts may need to make tough roster decisions, potentially parting with key players to balance the books. Let’s dive into three players Indy might need to let go during free agency.
First up is wide receiver Alec Pierce, who had a breakout year with 47 receptions, 1,003 yards, and six touchdowns. His performance was consistent, even after Jones' injury.
Unfortunately for the Colts, Pierce's market value is around $20.2 million annually, similar to players like Jakobi Meyers and Jerry Jeudy. While Pierce has earned a hefty contract, it might not be feasible for Indy to retain him.
Next is right tackle Braden Smith, a stalwart since being drafted in 2018. At 30, Smith's market value has dipped to $13.5 million per season, down from his previous $17.5 million. Although it’s tough to consider losing such a reliable player, the Colts might need to let Smith walk to prioritize Jones' contract.
The edge rusher position is also in flux, with Samson Ebukam, Tyquan Lewis, and Kwity Paye all hitting free agency. The Colts have emerging talent in Laiatu Latu, but depth is a concern.
Paye's market value of $17.9 million is steep, making it difficult for Indy to retain him. The Colts may focus on keeping either Ebukam or Lewis and look to the draft to bolster the position.
Colts fans should brace for some changes, but with strategic moves, Indy can navigate this offseason effectively and keep their core competitive.