Colts Free Agency 'Tampering' Cheat Sheet: Pierce Staying, Pittman Traded

The Indianapolis Colts and teams across the NFL may begin negotiating with outside free agents on Monday, March 9, beginning at 12:00 p.m. ET. Better known as "the legal tampering period," this is one of the busiest days of the NFL calendar.

With that, ColtsRoundtable brings you the "Colts Free Agency 'Tampering' Cheat Sheet."

Keep track of all of the news, rumors, and updates surrounding the Colts between noon on Monday and 4:00 p.m. on Wednesday, when ink may begin hitting paper.

The Colts are currently $23,009,289 UNDER the salary cap, according to OverTheCap.com.

— QB Daniel Jones: Transition tagged by Colts

— WR Alec Pierce: Re-signed for four years, $114 million ($84 million guaranteed)

— K Blake Grupe: Re-signed for one year, $1.4 million

— RT Braden Smith: Signing with Houston Texans for two years, up to $25 million.

— DE Kwity Paye: Signing with Las Vegas Raiders for three years, $48 million.

— DT Neville Gallimore: Signing with Chicago Bears for two years, $12 million

Tuesday, March 10

— Per Adam Schefter of ESPN, Colts right tackle Braden Smith is signing with the Houston Texans on a two-year deal, worth up to $25 million, including $13.5 million guaranteed.

Monday, March 9

— Per Adam Schefter of ESPN, Colts defensive end Kwity Paye is signing with the Las Vegas Raiders on a three-year, $48 million deal, including $32 million guaranteed.

— Per Ian Rapoport of NFL Network, the Colts are signing former Tennessee Titans edge rusher Arden Key to a two-year deal worth up to $20 million. There is $11 million guaranteed.

— Per Tom Pelissero of NFL Network, Colts defensive tackle Neville Gallimore is signing with the Chicago Bears on a two-year, $12 million deal.

— Per Tom Pelissero of NFL Network, the Colts are trading wide receiver Michael Pittman Jr. to the Pittsburgh Steelers in a late-round draft pick swap.

— Per Ian Rapoport of NFL Network, the Colts re-signed Alec Pierce to a historic deal: four years, $114 million ($84 million guaranteed). There is a $60 million fully guaranteed signing bonus, and the deal is worth up to $116 million. It is the richest free-agent contract for a wide receiver in NFL history.

Sunday, March 8

— Per SI.com's Albert Breer, the Colts' initial offer to Daniel Jones "was in the range of Sam Darnold's three-year, $100.5 million deal," but Jones' camp countered with a deal "in the ballpark" of $50 million per year. The Colts then placed the transition tag on Jones.

— According to SI.com's Albert Breer, the likely high price tag of Colts wide receiver Alec Pierce is already sending some potential suitors in another direction. Breer reports Pierce could get between $28 to $30 million per year, and the Colts are willing to pay it. However, Pierce wants stability at quarterback, which would lead the Colts to commit to Daniel Jones.

— The Colts re-signed restricted free agent kicker Blake Grupe to a one-year, $1.4 million contract. The Colts are now $105,711 over the salary cap.

Saturday, March 7

— The Colts traded starting MIKE linebacker Zaire Franklin to the Green Bay Packers in exchange for defensive tackle Colby Wooden. The move gets the Colts $154,289 under the salary cap.

Thursday, March 5

— According to Albert Breer of SI.com, former Arizona Cardinals quarterback Kyler Murray "has interest" in the Colts. While the Colts are still trying to work out a multi-year deal with Daniel Jones, Breer suggests Murray could be an option on a minimum deal, whether Jones is with the Colts or not.

Tuesday, March 3

— The Colts placed the transition tag on Daniel Jones. It is a one-year contract worth over $37.8 million. Jones can still negotiate with other teams, but the Colts have the right to match any offers. Any team that signs Jones to an offer sheet must set aside the offered money, untouched, until the Colts decide whether to match. The Colts would have five days to match another team's offer to Jones. The Colts and Jones will continue to negotiate a multi-year deal.