Alec Pierce's left ankle situation is worth flagging as a draft-prep concern rather than a full-blown red flag. He's now received a second PRP injection, which keeps him sidelined from practice, and while both sources note this isn't being characterized as a setback, the need for a repeat injection understandably raises some concern about how cleanly this ankle is healing heading into the season.

For fantasy purposes this matters most for camp/preseason evaluation. Pierce has carved out a role as a downfield threat in Indianapolis, but any missed practice time in August limits his ability to build chemistry with the quarterback and work through install, which historically correlates with slower starts for perimeter receivers who rely on timing routes. Until you see him back on the field running full team drills, treat his draft stock with caution — he shouldn't be considered a lock for his usual roster spot at current ADP, and you may want to have a contingency plan in Indy's receiver room (monitor who's soaking up his reps) in case this lingers into the regular season.

Action-wise: don't panic-drop him, but don't reach either. Let him fall slightly on your board relative to his preseason ADP until there's clarity on a practice return timeline, and check back closer to roster cuts/final preseason games for an update on his ankle. Confidence here is moderate — both sources agree on the fact pattern (second PRP shot, not labeled a setback) but neither provides a firm return date, so this is more "watch closely" than "downgrade significantly" for now.