Indianapolis Colts to give quarterback Daniel Jones two-year deal worth up to $100m | Indianapolis Colts

Daniel Jones plans to stay with the Indianapolis Colts for at least two more years.

The two sides agreed to a new contract, a deal that will pay the quarterback up to $100m, a person with knowledge of the contract told the Associated Press on Wednesday.

Jones will receive $88m over the next two seasons with $50m guaranteed. He can make an additional $12m through incentives.

Jones led the Colts offense to an 8-2 start last season. But following the bye week, Jones played through a hairline fracture in his left leg and then wound up suffering a season-ending torn achilles tendon in early December.

It’s unclear whether he will be ready to play when the season opens in September, though Colts general manager Chris Ballard and head coach Shane Steichen have said they remain hopeful Jones will be able to participate in training camp.

Injuries also limited Jones, the No 6 overall draft pick in 2019, to just six games in 2023 and he started 10 games for the New York Giants in 2024 before he was benched, leading to his release.

But Jones found a perfect home in Indy. He completed 68% of his throws last season for 3,101 yards – his highest total since leading the New York Giants to the playoffs in 2022. He also threw 19 touchdown passes, his highest total since 2019, and had eight interceptions.

Ballard made it clear in January that his top offseason priorities were re-signing Jones and receiver Alec Pierce, who led all NFL qualifiers in yards per reception in 2024 and 2025. Indy placed the transition tag on Jones last week as team officials and Jones’s agents continued working on an extension, and the Colts agreed to a four-year deal worth $116m with Pierce on Monday.

Jones and Pierce developed a close rapport on and off the field last season, and the Colts were so committed to keeping them together that Ballard also traded longtime No 1 receiver Michael Pittman Jr to the Pittsburgh Steelers for a late-round draft pick on Monday.

Indy could still be in the market for a backup quarterback, too, after giving Anthony Richardson permission to seek a trade. Richardson, the No 4 overall draft pick in 2023, lost the starting job to Jones in training camp last season and then suffered an eye injury during a freak pregame accident in October, an injury that forced him to miss the rest of the season.