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

  • The Colts signed quarterback Daniel Jones to a two-year, $88 million contract that can be worth up to $100 million, ESPN's Adam Schefter reported Wednesday.
  • Following the March 3, 2026, deadline, the Colts placed the transition tag on Jones before he sustained a Dec. 7, 2025, Achilles injury, securing their rights.
  • Contract details show $50 million is guaranteed at signing, $60 million for injury, base pay of $50 million and $38 million , plus $6 million performance incentives.
  • The move also cleared cap room to trade Michael Pittman Jr. to the Pittsburgh Steelers, opening $24 million in cap space and re-sign Alec Pierce to a four-year, $116 million deal.
  • Sources say Daniel Jones, quarterback, will be 'absolutely' ready for training camp while the team has given Anthony Richardson, Colts quarterback , permission to seek a trade and will focus on offseason defense.
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Colts bring back QB Daniel Jones and WR Alec Pierce couldn't be happier

Daniel Jones is back with the Indianapolis Colts, and Alec Pierce couldn’t be happier. Two days after the 25-year-old Pierce agreed to a four-year contract extension worth $116 million, the Colts brought back their quarterback on a two-year deal worth up to $100 million.

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NFLTradeRumors.co broke the news in on Wednesday, March 11, 2026.
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