Daniel Jones and the Indianapolis Colts have agreed on a two-year extension that is worth $88 million, per Tom Pelissero. It comes with more than $60 million in guaranteed money, and can max out to $100 million with incentives and bonuses.
Jones was already returning to the Colts because the team used the transition tag on him. They did this in order to give them extra time to work out an extension, and the two sides have already come to terms. While the QB was expected to get paid, not many were expecting him to put pen to paper and come away with the largest two-year contract in history.
Here is more on the massive contract extension that keeps Jones with the Colts through the 2027 season.
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Daniel Jones contract details
Jones was set to hit free agency after his one-year deal with the Colts ran out following the 2025 season. The Colts used their one tag opportunity of the offseason to place a transition tag on Jones. The intention was to give the two sides more time to agree to an extension and prevent him from hitting free agency.
A few hours before the new league year began, Jones agreed to a two-year contract extension worth $88 million at its base. It can increase to $100 million with bonuses and comes with more than $60 million in guaranteed money, showing the Colts' faith not only in Jones but also in how well he is recovering from the torn Achilles that ended his 2025 regular season.