Colts reportedly offered FA QB Daniel Jones ‘Sam Darnold money,’ but his camp had rather lofty counter offer
According to SI.com’s Albert Breer, the Indianapolis Colts offered pending free agent starting quarterback Daniel Jones ‘Sam Darnold money’, but Jones and his camp countered with a surprising $50 million per year contract proposal:
“The Colts’ initial offer to Jones was in the range of Sam Darnold’s three-year, $100.5 million deal last offseason,” Breer writes. “Jones’s camp countered that, based on the leverage a franchise tag would have given him, a deal worth $50 million per year would be more in the ballpark of what he’d take if he did a deal before this week.”
“So rather than franchise Jones, the Colts put the transition tag on him. And here we are.”
“I do believe Jones wants to be in Indianapolis. He’s rehabbing from a torn Achilles that is going to cost him most, if not all, of his offseason. Given that, it seems obvious that his best chance to have a great 2026 would be in a familiar place, where he doesn’t have to learn a new offense or new teammates. That, of course, is Indianapolis.”
“What, then, would motivate the Colts to do a deal, rather than have Jones play on the $37.833 million tender? Here’s what: If Jones plays great in 2026, then the team would either transition him again in ’27 at $45.4 million or franchise him, and at that point, he’d have the leverage to ask for top-of-the-market money, since a third tag is prohibitively expensive. That doesn’t mean the Colts have to pay him $50 million per year now. However, it means that it’d behoove them to explore a longer-term deal.”
“The benefit for Jones would be having a chance to really build something with his teammates in Indianapolis and, if they can get a deal done fast enough, giving the Colts a chance to bring Pierce back into a skill group that has Jonathan Taylor, Michael Pittman Jr., Tyler Warren and Josh Downs on hand.”
“So, the very best factor for everybody is to hammer out a deal on Monday morning. We’ll see.”
By OverTheCap, the quarterback franchise tag for 2026 was $43.895M, while the transition tag, which the Colts ultimately applied to Jones, before last Tuesday’s deadline, is $37.833M.
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It’s a little surprising to me that Jones and his representation requested even more money than this year’s quarterback franchise tag, which in his case, is the calculation of the average of the Top 5 cap hits at the quarterback position over the last five years.
We can all reasonably agree that Jones was in the middle of a breakout campaign—and career year, in 2025 during his Colts debut season before critical injuries struck after midseason, but there’s no logical argument that he’s close to being a Top 5 quarterback in this league—and should be paid at that positional premium accordingly.
If the Colts were committed to keeping Jones as their top priority, even over wideout Alec Pierce (and right or wrong for that matter!), then it makes sense as to why Indianapolis surprisingly placed the transition tag on their QB1 instead.
There’s no way they were going to rationally reach Jones and his representation’s initial lofty contract demands, under good conscience. If someone else is, they still have the opportunity to match (which ehhhh!), and if they aren’t, the Colts get him back at a much more comfortable $37,833 million (not great, but still better than $50 million!) for next season.
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In the interim, there remains the reasonable hope that the Colts and Jones can still reach a more cost effective, multi-year deal too that works out well for both sides.
While longtime basic supervisor Chris Ballard has undertaken his fair proportion of criticism over this previous week, with an untagged Pierce departing as an unrestricted free agent now a practical risk in a couple of days, the truth that the Colts offered Jones ‘Sam Darnold cash,’ which was a 3-year, $100.5 million deal (with $55 million guaranteed) signed last offseason appears greater than truthful. In explicit, due to the place Jones is at in his respective professional profession compared to Darnold, and particularly coming off a late season because of Achilles harm.
For what it is value, Breer additionally famous that he tasks Pierce’s new contract—with the Colts or elsewhere to be round $28-30 million per yr, and that Indianapolis made a commerce offer final summer time for Cincinnati Bengals looming free agent former All-Pro defensive finish Trey Hendrickson, who requested a commerce final offseason. Hendrickson wasn’t franchise tagged by Cincinnati this go round, and like Pierce, is ready to hit the open market as an unrestricted free agent—additionally as one of the coveted gamers on this yr’s free company class.
