The Indianapolis Colts and Wide Receiver Michael Pittman Jr. agreed to a three-year $70 million contract on Monday. The contract includes $46 million in guaranteed dollars for the young receiver. Pittman had a career year in 2023 and finished fifth in receptions (109) and top 15 in receiving yards. This contract means Pittman Jr. will be the No. 1 wide receiver option for years to come in the “Railroad City.”
Pittman Jr. was franchise-tagged by the Indianapolis Colts last week, and with today’s contract will not be testing the free-agent market.
The Indianapolis Colts have been busy today as they signed star Linebacker Zaire Franklin to a contract extension a few hours ago.
Where Does This Contract Put Michael Pittman Jr. In The Wide Receiver Hierarchy
For the #Colts and Michael Pittman, it's a 3-year, $70M deal that can reach up to $71.5M max, source said. $46M guaranteed. https://t.co/9zViqAiWcF
— Ian Rapoport (@RapSheet) March 11, 2024
Pittman Jr’s total contract value of $71.5 million slots him as tenth-most in the National Football League. He is tied with San Francisco 49ers Wide Receiver Deebo Samuel.
Pittman Jr’s average salary under his new deal will be 11th in the league right below the Commanders Terry McLaurin.
Michael Pittman Jr. Career Recap
Pittman Jr. was drafted early in the second round (34th overall) in the 2020 NFL Draft out of USC.
The former Trojan has 336 career receptions and 15 receiving touchdowns.
Pittman Jr. has an NFL bloodline and is the son of former Super Bowl champion Running Back Michael Pittman.
What Will Michael Pittman Jr. Bring To The Colts In 2024
Indianapolis had an average offense they hope Pittman Jr. could continue to elevate not only season but beyond. The 2023 Colts offense finished 11th in points per game at 23.3. Pittman Jr. teams up with young Quarterback Anthony Richardson for years to come in the hopes that success is on the horizon in Indianapolis.
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