Sources: Colts to re-sign QB Daniel Jones to 2-year, $88M deal
The Indianapolis Colts and quarterback Daniel Jones reached settlement Wednesday on a two-year, $88 million contract that may be price up to $100 million, sources instructed ESPN’s Adam Schefter.
Jones, recovering from a torn Achilles, is anticipated to be prepared for the beginning of the common season and one supply instructed Schefter he “absolutely” expects him to be prepared for coaching camp.
The Colts had placed the rarely used transition tag on Jones earlier than the March 3 deadline. That allowed the Colts to match any provide sheet he may need signed. If he had performed on the tender, he would have been paid $37.833 million this season.
That choice allowed prime huge receiver Alec Pierce to check free company, however the Colts have been in a position to re-sign him to a four-year, $116 million contract at the beginning of the free agent negotiating interval. They then traded huge receiver Michael Pittman Jr.. to the Pittsburgh Steelerssaving $24 million towards the wage cap.
Jones, 28, had a breakthrough season for the Colts in 2025 earlier than sustaining his season-ending Achilles tear in December, orchestrating an offense that was flirting with franchise information by means of the primary half of the season.
After signing with the Colts final offseason and happening to win a preseason place battle with Anthony Richardson, Jones went on to lead an offense that was the league’s most explosive on the midway level. The Colts have been additionally off to an 8-2 begin earlier than Jones sustained a hairline fibula fracture and skilled struggles earlier than finally tearing his Achilles within the different leg.
But his capability to rebound in 2025 got here on the heels of an unpleasant ending with the New York Giantswho drafted him sixth total in 2019. The Giants launched Jones in November 2024, ending his tumultuous run with the franchise.
His rejuvenation in Indianapolis final season was outstanding. Jones final season established new profession highs in passing yards per try (8.1), QBR (63.0) and completion fee (68%).
For his profession, Jones has handed for 17,683 yards with 89 touchdowns and 55 interceptions.
ESPN’s Stephen Holder contributed to this report.
