The Indianapolis Colts are keeping starting quarterback Daniel Jones in place with a major new contract. The two sides reached a two-year deal worth $88 million that could climb to $100 million with incentives, making it the richest contract of its length in league history.
According to NFL insider Jordan Schultz: “BREAKING: The #Colts and QB Daniel Jones have agreed to a 2-year, $88M deal that could be worth up to $100M, multiple sources tell me. He gets $50M in the first year and it’s the largest 2-year contract in history. Both sides wanted this to get done, and it officially makes “Indiana Jones” the franchise QB for the Colts.”
Jones will receive $50 million fully guaranteed at signing, with $60 million protected against injury. The agreement follows the team’s earlier decision to place the transition tag on the 28-year-old quarterback, a move that allowed the Colts to match any outside offers while negotiations continued. “I’m fired up,” Jones said on “The Pat McAfee Show” on Wednesday. “Fired up to be back and definitely grateful for the opportunity to be back and here with the Colts.”
Before arriving in Indianapolis, Jones spent several seasons with the New York Giants, who selected him sixth overall in the 2019 NFL Draft (his tenure in New York ended with his release in 2024). Jones originally signed a one-year, $14 million deal with the Colts last offseason and won the starting job in camp. Through 13 games in 2025, he completed a career-best 68% of his passes for 3,101 yards with 19 touchdowns and eight interceptions while adding five rushing scores. His season ended early after playing through a hairline fracture in his leg before suffering the Achilles injury in December. Despite the setback, the Colts remained committed to him as the centerpiece of their offseason plans. His recovery is progressing well, and the quarterback said his goal is to return in time for Week 1.
The organization has also reshaped the roster around Jones and has resigned top receiver Alec Pierce to a four-year contract worth about $116 million after he produced a breakout season, surpassing 1,000 receiving yards for the first time.
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