FOOTBALL: Colts signing QB Daniel Jones to 2-year, $88M deal

The Indianapolis Colts agreed to a two-year, $88 million contract with quarterback Daniel Jones on Wednesday.

The deal includes $50 million guaranteed at signing, $60 million guaranteed for injury, and carries a maximum value of $100 million -- the largest two-year contract in NFL history, agents Brian Murphy and Andrew Kessler told ESPN.

The Colts reportedly had been working diligently with Jones since placing the transition tag on the 28-year-old veteran earlier this month, a move that would have guaranteed him $37.833 million for the 2026 season.

"I'm fired up," Jones said Wednesday on the "The Pat McAfee Show." "Fired up to be back and definitely grateful for the opportunity to be back and here with the Colts."

Jones is recovering from a torn right Achilles tendon sustained on Dec. 7. He said Wednesday that his rehabilitation is going well and his goal is to be ready for Week 1.

Jones started 13 games for the Colts in 2025, passing for 3,101 yards with 19 touchdowns and eight interceptions for a 100.2 passer rating. He also rushed for five touchdowns.

Indianapolis is expected to trade or release quarterback Anthony Richardson, the No. 4 overall pick in the 2023 NFL Draft.

Jones, the No. 6 overall pick in 2019, is 24-44-1 as a starter with the New York Giants (2019-24) and Colts. He has thrown for 17,683 yards with 89 touchdowns and 55 interceptions and rushed for 2,343 yards and 20 scores.

-Field Level Media/Reuters