Daniel Jones will officially be returning to the Indianapolis Colts with an enormous payday.
The Colts re-signed Jones to a two-year deal worth $88 million, according to multiple reports. The contract could wind up being worth as much as $100 million if the quarterback achieves certain incentives, and is the largest two-year deal in NFL history.
Details:
— Ian Rapoport (@RapSheet) March 11, 2026
— Base value of $88M is $5M more than if Jones played on back-to-back transition tags.
— Incentives starting with $100K earned for each game the team wins with Jones playing 50% total up to $6M.
— Jones will earn $50M in 2026 before the incentives — a $12.2M… https://t.co/1I7FXl5TY5
The move takes Jones off the transition tag and entitles him to more money than he would have received on it, and also ensures he will have another crack at cashing in long-term during the prime of his career. It also gives the Colts a second year without completely locking them into a long-term deal if things go awry after one season.
The Colts had used the transition tag on Jones to ensure he did not hit the open market, but were always committed to trying to get a deal done with him. The quarterback is working his way back from a torn Achilles but intends to be ready to go for the start of the 2026 season.
Jones was a breakout star for the Colts in 2025. Before his season-ending injury, he threw for 3,101 yards with 19 touchdowns and eight interceptions. He had the team well on their way to the playoffs before his injury, only for the team to fail to win another game after he went down.
