Colts Re-sign QB Daniel Jones to $88M Deal

0:00On March 11, the Indianapolis Colts have resigned quarterback Daniel Jones to a two-year contract worth $88 million. This marks just the second time under General Manager Chris Ballard's watch that a starting quarterback returns for back-to-back seasons. The deal includes up to $100 million in incentives and more than $60 million guaranteed. Negotiations wrapped up on Monday just before 4pm when the new league year began and all teams had to hit salary cap compliance. For the Colts, locking in Jones was the biggest step toward getting under the cap while securing their quarterback spot for now. The structure gives the team real flexibility. It's the largest two-year quarterback deal in NFL history, but void years could drop the cap hits and create an easy out after this season if they want to pivot. Wide receiver Alec Pierce even took less money. Around $29 million per year to play with Jones again instead of higher offers. Elsewhere, Jones tore his Achilles in early December but should be ready for week one.

1:02The Colts hope he regains his early 2025 form to fuel a playoff run. With this major piece in place, look for a wave of roster moves like restructures, extensions, trades and cuts to free up cash for upgrades. The real offseason action is just getting started.