Colts and Daniel Jones Reportedly in Multi-Year Contract Negotiations

Indianapolis looking to lock up QB after impressive 2025 season

Feb. 8, 2026 at 12:15pm

Got story updates? Submit your updates here. ›

The Indianapolis Colts are reportedly in negotiations with quarterback Daniel Jones on a potential multi-year contract extension. Jones had a strong 2025 season with the Colts before suffering a torn Achilles late in the year, and the team is now looking to keep him in Indianapolis long-term.

Why it matters

The Colts have struggled to find consistent quarterback play since the retirement of Andrew Luck, and Jones provided the most stability at the position in years during his first season in Indianapolis. Keeping him under contract would give the team a clear path forward at the most important position on the field.

The details

According to NFL insider Tom Pelissero, the Colts plan to open contract negotiations with Jones soon, with the goal of reaching a multi-year deal to retain him. If they are unable to do so, the team could use the franchise tag on Jones, which would cost around $47 million for the 2026 season. Jones was playing well in 2025 before suffering a torn Achilles late in the year, and the Colts believe he can be their long-term answer at quarterback if he can recover from the injury.

  • Jones suffered a torn Achilles in Week 14 of the 2025 season, ending his year.
  • The Colts plan to open contract negotiations with Jones in the 2026 offseason.

The players

Daniel Jones

A quarterback who played for the Indianapolis Colts in 2025 and is now in contract negotiations to remain with the team long-term.

Chris Ballard

The general manager of the Indianapolis Colts, who will be responsible for negotiating a potential contract extension with Daniel Jones.

Got photos? Submit your photos here. ›

What they’re saying

“Let's talk a little bit about the Colts and their quarterback plans. My understanding is the Colts plan to open talks soon with Daniel Jones on a multi-year deal to keep him in Indianapolis.”

— Tom Pelissero, NFL Insider (The Insiders)

What’s next

The Colts will need to determine the terms of a potential contract extension with Daniel Jones, including the length and value of the deal, as they look to lock up their quarterback of the future.

The takeaway

After years of uncertainty at the quarterback position, the Colts appear ready to commit to Daniel Jones as their long-term answer under center. If they can reach a contract agreement, it would provide much-needed stability at the most important position on the field for an organization that has struggled to find consistent play there since the retirement of Andrew Luck.