Colts Tag Jones After Breakout Season

The Colts confirmed on Tuesday they are using the transition tag on Jones, worth $37.833 million – over $6 million less than the quarterback franchise tag. This allows Jones to negotiate with other teams, though Indianapolis would have the right to match any offer sheet he signs.

After a career revival with the Colts in 2025, Jones started 13 games, passing for 3,101 yards and 19 touchdowns with a 68% completion percentage before a season-ending injury. He was on pace to surpass his career bests in both categories before being sidelined.