Colts and Daniel Jones Make Progress on Long-Term Deal

Both sides reportedly finding common ground after initial disagreement over contract terms.

Published on Mar. 10, 2026

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The Indianapolis Colts and free agent quarterback Daniel Jones have made progress on a long-term contract, according to NFL insider Jordan Schultz. The two sides were previously far apart on Jones' reported asking price of $50 million per year, but are now working towards an agreement that would keep the former New York Giants QB in Indianapolis.

Why it matters

Retaining Daniel Jones is a key priority for the Colts as they look to build on their success from last season. Jones had a breakout year after joining the team midway through 2024, and the Colts are hoping to lock him up long-term to solidify their quarterback position.

The details

The Colts had used the transition tag on Jones, giving them the right to match any offer he received on the open market. With star wide receiver Alec Pierce already signed to a long-term deal, the team is now focused on reaching an agreement with Jones. While the two sides were initially far apart, with Jones reportedly seeking a $50 million per year contract, they are now finding common ground. The Colts may look to sign Jones to a deal similar to the 3-year, $100 million contract the Seattle Seahawks gave to Sam Darnold, given Jones' recent Achilles injury.

  • The Colts used the transition tag on Daniel Jones in March 2026.

The players

Daniel Jones

A free agent quarterback who spent the final part of the 2024 season with the Minnesota Vikings after being released by the New York Giants. He is now in contract negotiations with the Indianapolis Colts.

Chris Ballard

The general manager of the Indianapolis Colts, who is working to sign Daniel Jones to a long-term contract.

Alec Pierce

A star wide receiver for the Indianapolis Colts who has already signed a long-term contract extension with the team.

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What they’re saying

“Update: The Colts and QB Daniel Jones have made progress on a long-term deal, but have not finalized anything as of right now, per sources. Both sides remain in contact.”

— Jordan Schultz, NFL Insider (X)

What’s next

The Colts and Daniel Jones will continue negotiating a long-term contract, with the goal of finalizing an agreement in the coming days or weeks.

The takeaway

The Colts' ability to retain Daniel Jones long-term will be crucial to their success, as he emerged as a key part of their offense last season. While the two sides have made progress, finalizing a deal that works for both parties will require further negotiation and compromise.