Colts Place Franchise Tag On Michael Pittman Jr. [Video]

INDIANAPOLIS – For the first time in more than a decade, the Colts have used their franchise tag, and that’s good news for supporting Anthony Richardson.

Of course, now the real business begins between the Colts and Michael Pittman Jr.

In using the non-exclusive franchise tag on Pittman Jr., which the Colts announced on Tuesday afternoon, Indianapolis now has MPJ on a one-year contract, at a value of $21.8 million for the 2024 season. Pittman Jr. can negotiate with other teams when free agency begins next week, but a team would have to give up the absurd price of two first-round picks if they wanted to sign MPJ. The Colts can match any offer to retain their top wideout.

This means though Pittman Jr. will not officially hit free agency, when it begins on Wednesday, March 13^th.

Between now and mid-July, the Colts now have a lengthy window to try and get a long-term deal …