Colts Sign QB Daniel Jones to Historic 2-Year, $100M Deal

The contract makes Jones the highest-paid player in Colts history.

Mar. 12, 2026 at 4:55pm

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The Indianapolis Colts have signed quarterback Daniel Jones to a historic 2-year, $100 million contract, making it the richest 2-year deal in NFL history. Jones, who spent his first few seasons with the New York Giants, will receive $50 million fully guaranteed at signing and $60 million protected against injury.

Why it matters

The Colts are making a major long-term investment in Jones as their franchise quarterback after he had a breakout season in 2025. This deal solidifies Jones as the team's centerpiece and signals their commitment to building around him.

The details

The 2-year contract can reach up to $100 million with incentives, surpassing the previous 2-year high of $90 million. Jones will receive $50 million fully guaranteed at signing and $60 million protected against injury. The Colts had previously placed the transition tag on Jones, allowing them to match any outside offers.

  • The Colts and Jones agreed to the deal on March 12, 2026.
  • Jones originally signed a 1-year, $14 million deal with the Colts last offseason in 2025.

The players

Daniel Jones

The 28-year-old quarterback spent his first few seasons with the New York Giants before joining the Colts in 2025, where he had a breakout year and is now being signed to a historic long-term deal.

Indianapolis Colts

The NFL franchise based in Indianapolis, Indiana that has now made Daniel Jones their franchise quarterback with this record-setting contract.

Alec Pierce

The Colts' top wide receiver who they have also re-signed to a 4-year, $116 million contract after his breakout 1,000-yard season.

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What they’re saying

“BREAKING: The #Colts and QB Daniel Jones have agreed to a 2-year, $88M deal that could be worth up to $100M, multiple sources tell me. He gets $50M in the first year and it's the largest 2-year contract in history. Both sides wanted this to get done, and it officially makes 'Indiana Jones' the franchise QB for the Colts.”

— Jordan Schultz, NFL Insider (Twitter)

“I'm fired up. Fired up to be back and definitely grateful for the opportunity to be back and here with the Colts.”

— Daniel Jones (The Pat McAfee Show)

What’s next

Jones' recovery from his Achilles injury is progressing well, and his goal is to return in time for Week 1 of the 2026 NFL season.

The takeaway

This historic contract cements Daniel Jones as the Colts' long-term franchise quarterback, signaling the team's commitment to building around him as the centerpiece of their roster. It's a major investment that shows the organization's belief in Jones' ability to lead them to success in the coming years.