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Daniel Jones is reportedly returning to the Indianapolis Colts on a historic contract.
Jones, 28, and the Colts agreed to a two-year, $88 million deal that could be worth up to $100 million in incentives, according to multiple reports. It is the largest two-year contract in NFL history.
Jones is reportedly guaranteed $50 million upon signing and $60 million for injury.
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Indianapolis Colts quarterback Daniel Jones (17) runs off the field after the game against the Los Angeles Chargers at SoFi Stadium. The game was played in Inglewood, California on October 19, 2025. (Jayne Kamin-Oncea/Imagn Images)
The former New York Giants quarterback tore his Achilles in a Week 14 loss to the Jacksonville Jaguars but is expected to be ready for the start of the season, according to ESPN’s report.
The Colts used the transition tag on Jones before the March 3 deadline, preventing him from hitting the open market as a free agent. That tag allowed the Colts to match any offer to Jones, and the quarterback would have been paid $37.833 million.
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Indianapolis Colts quarterback Daniel Jones throws before a National Football League game against the Las Vegas Raiders in Indianapolis, Indiana, on Oct. 5, 2025. (AJ Mast/AP photo)
Jones signed with the Colts last season on a one-year deal, beating out Anthony Richardson for the starting job. The Colts, led by Jones and the team’s prolific offense, got off to an 8-2 start.
However, Jones suffered a hairline fibula fracture in his leg and the team went 0-3 as he tried to play through. Jones tore his Achilles in his other leg.
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Indianapolis Colts quarterback Daniel Jones looks on during the second half against the Kansas City Chiefs at GEHA Field at Arrowhead Stadium. The game was played in Kansas City, Missouri. (Denny Medley/Imagn Images)
Jones was on his way to a career year before the injury, completing 68% of his passes for 3,101 yards with 19 touchdowns and eight interceptions. He also ran for 164 yards and five touchdowns.
In his seven-year career, Jones has completed 64.7% of his passes for 17,683 yards with 89 touchdowns and 55 interceptions while running for 2,343 yards and 20 touchdowns.
