The Indianapolis Colts are reportedly on the verge of securing their quarterback situation, as the team continues to make progress toward a new contract with Daniel Jones. While negotiations are ongoing, reports from NFL Networks’ Tom Pelissero suggest the deal could be a short-term extension expected to be two years, giving both sides stability while maintaining flexibility for the future.
Jones originally joined Indianapolis ahead of the 2025 season on a one-year, $14 million contract after previously
playing for the New York Giants and landing on the Minnesota Vikings practice squad. He quickly emerged as the Colts’ starting quarterback after winning the offseason competition with former first-round pick Anthony Richardson. Early in the season, Jones showed flashes of strong play, helping stabilize an offense that had struggled with inconsistency at the quarterback position in recent years
However, his promising first season in Indianapolis was cut short after he suffered a torn Achilles in December 2025 during a game against the Jacksonville Jaguars, an injury that ended his season prematurely. Despite the setback, the Colts appear committed to keeping Jones as part of their plans moving forward. Earlier this offseason, Indianapolis placed the transition tag on Jones, a move that guarantees him about $37.8 million for the 2026 season while giving the team the right to match any outside offer he might receive. The tag also bought the front office time to negotiate a longer-term contract.
Recent reports indicate that the two sides are making meaningful progress toward a contract agreement. While exact financial details remain unclear, the expectation according to Pelissero is that the deal could effectively function as a two year commitment, giving Jones the opportunity to re-establish himself following his injury while allowing the Colts to maintain cap flexibility.
For Indianapolis, securing Jones would provide valuable continuity at the game’s most important position, especially with such recent turbulence at the position. For the Jones, the new deal would represent both financial security and a chance to prove he can lead the franchise deep into the postseason once he returns to full health.
