INDIANAPOLIS — The Indianapolis Colts have placed a non-exclusive franchise tag on wide receiver, Michael Pittman Jr.
We have placed the non-exclusive franchise tag on WR Michael Pittman Jr.
— Indianapolis Colts (@Colts) March 5, 2024
The franchise tag is a tool used to keep a player from becoming an unrestricted free agent for one year, as negotiations for a contract extension resume.
Because this franchise tag is non-exclusive, Pittman Jr. still has the freedom to negotiate with other teams.
According to NFL Insider Tom Pelissero, the tag on Pittman Jr. is worth $22 million.
The wide receiver has spent four years with the Colts and had a career-high of 109 receptions and 1,152 yards this past season.
