The Indianapolis Colts are progressing toward a multi-year contract extension with quarterback Daniel Jones, according to NFL Network insiders Ian Rapoport and Tom Pelissero. The team placed the transition tag on Jones on March 3, costing $37.833 million and allowing him to explore the market. The Colts can match any offer but would receive no compensation if they choose not to.
Reports indicate that a two-year deal is in the works, providing flexibility for both sides. For the Colts, a short-term contract reduces risk given Jones’ recent Achilles injury, allowing the team to plan without committing a large guaranteed sum if his performance is affected. For Jones, it offers a chance to return to the form he displayed under offensive coordinator Shane Steichen and prove himself post-injury.
Colts Near Two Year Extension with Daniel Jones While Managing Post Injury UncertaintyBefore the injury, Jones threw for 3,101 yards with 19 touchdowns and eight interceptions, achieving a career-best 68.0 percent completion rate and leading the NFL with a 52.0 success rate. He also added five rushing touchdowns, though the impact of his Achilles tear on his mobility remains uncertain.
The Colts prioritized retaining both Jones and star receiver Alec Pierce this offseason. They recently finalized a four-year, $114 million deal with Pierce, and an agreement with Jones would ensure stability at quarterback while giving the franchise flexibility to adjust if needed. The potential two-year extension allows the Colts to plan for the future while giving Jones the opportunity to return to top form.
