Colts Sign QB Daniel Jones to $88M Contract Extension

The two-year deal keeps Jones in Indianapolis through the 2027 season.

Mar. 11, 2026 at 6:04pm

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The Indianapolis Colts have signed quarterback Daniel Jones to a two-year, $88 million contract extension. The deal includes up to $100 million in incentives and will keep Jones under contract with the Colts through the 2027 NFL season. The Colts used a $37.8 million transition tag on Jones before agreeing to the extension, which will pay him an average of $44 million per year.

Why it matters

The Colts are betting big on Jones as their franchise quarterback, keeping him in the building for the next two seasons as they look to make a Super Bowl run. With the Colts having traded away their first-round picks over the next two years, this extension provides them with stability at the quarterback position.

The details

Jones is coming off a strong 2025 season with the Colts, but is recovering from a torn Achilles injury suffered in December. The team is optimistic he will be ready for Week 1 of the 2026 season, and the contract includes $12 million in incentives that Jones can earn. The Colts are hoping Jones can build on his career year and lead the team to the playoffs and beyond.

  • The Colts and Jones agreed to the two-year, $88 million extension on Wednesday, March 11, 2026.
  • Jones suffered a torn Achilles in December 2025 but is expected to be healthy by the start of the 2026 NFL season.

The players

Daniel Jones

The Colts' starting quarterback who has agreed to a two-year, $88 million contract extension to remain in Indianapolis through the 2027 season.

Indianapolis Colts

The NFL team that has signed quarterback Daniel Jones to a lucrative contract extension, keeping him as their franchise quarterback for the next two seasons.

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What’s next

The Colts will look to build around Daniel Jones and make a Super Bowl push over the next two seasons, with the team having traded away their first-round picks during that time period.

The takeaway

The Colts have made a significant investment in Daniel Jones, betting that he can be their franchise quarterback and lead the team to the playoffs and beyond over the next two seasons. While Jones is recovering from a major injury, the team is optimistic he will be ready for the start of the 2026 season and the contract includes incentives that could make it worth up to $100 million.