Colts signing QB Daniel Jones to 2-year, $88M deal

The Indianapolis Colts agreed to a two-year, $88 million contract with quarterback Daniel Jones on Wednesday.

The deal includes $50 million guaranteed at signing, $60 million guaranteed for injury, and carries a maximum value of $100 million -- the largest two-year contract in NFL history, agents Brian Murphy and Andrew Kessler told ESPN.

The Colts reportedly had been working diligently with Jones since placing the transition tag on the 28-year-old veteran earlier this month, a move that would have guaranteed him $37.833 million for the 2026 season.

Jones is recovering from a torn right Achilles tendon sustained on Dec. 7. He is "absolutely" expected to be ready for training camp, a source told ESPN.

Jones started 13 games for the Colts in 2025, passing for 3,101 yards with 19 touchdowns and eight interceptions for a 100.2 passer rating. He also rushed for five touchdowns.

Indianapolis is expected to trade or release quarterback Anthony Richardson, the No. 4 overall pick in the 2023 NFL Draft.

Jones, the No. 6 overall pick in 2019, is 24-44-1 as a starter with the New York Giants (2019-24) and Colts. He has thrown for 17,683 yards with 89 touchdowns and 55 interceptions and rushed for 2,343 yards and 20 scores.

--Field Level Media