Colts - Steelers Michael Pittman trade official: Full trade details

The trade between the Indianapolis Colts and the Pittsburgh Steelers for wide receiver Michael Pittman is now official.

The Colts sent Pittman and a 2026 seventh-round pick (230th overall) to Pittsburgh in exchange for a 2026 sixth-round pick (214th overall).

It's a small return for the Colts, given the caliber of player that Pittman has been, but this deal was essentially a salary cap dump on Indianapolis' part.

Pittman was set to have a massive $29 million salary cap hit for the 2026 season. For some context, that would have been the seventh-largest salary cap hit of any receiver in football. 

His production -- 773 receiving yards in 2025 -- and cap hit did not align.

thank you for everything MPJ. 💙 pic.twitter.com/ss05zm9QsV— Indianapolis Colts (@Colts) March 13, 2026

But by trading Pittman, the Colts created $24 million in salary cap space for the 2026 season, which came in handy after re-signing Daniel Jones and Alec Pierce.

Had the Colts not found a trade partner, Pittman very well could have been released anyway in favor of those cap savings. This solution at least got the Colts something in return.

This article originally appeared on Colts Wire: Colts make Michael Pittman trade to Steelers official