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Colts, Daniel Jones Agree to Two-Year, $88 Million Deal

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Mar 11, 2026, 11:27 AM ET

The Indianapolis Colts and quarterback Daniel Jones agreed to a two-year, $88 million deal on Wednesday that could be worth up to $100 million, multiple sources told Jordan Schultz of FOX Sports. Jones will get $50 million in the first year, and it's the largest two-year contract in history. It officially makes Indiana Jones the Colts' franchise QB after his impressive first year with the team in 2025. The 28-year-old won't have to play the 2026 season on the transition tag, which would have paid him $37.83 million this year. Before tearing his right Achilles tendon in Week 14, the former sixth overall pick in 2019 by the New York Giants out of Duke had thrown for 3,101 yards, 19 touchdowns, and eight interceptions. Jones looked good last year in his first year with the team, but his uncertain recovery from a major injury will make him a pretty risky QB2 selection in fantasy football drafts later this year.--Keith Hernandez
Source: FOX Sports - Jordan Schultz
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