The Colts officially signed Jones (Achilles) to a two-year contract extension Thursday,

EDGE Analysis

Jones' contract not only provides an extra year of security with Indianapolis beyond the transition tag, that was initially extended to him, but it gives him a base salary of $50 million for 2026, per Brigid Kennedy of SI.com, $12.2 million above the tag amount even before including his $6 million in incentives. The 28-year-old said Wednesday on The Pat McAfee Show that he's fully recovered from the broken left fibula injury he dealt with in 2025 and that he's "making good progress with the rehab" from the right Achilles he suffered in December, as Grant Gordon of NFL.com reports. Jones said his goal is to "be back by Week 1 and ready to go," but it's far from a sure thing that he will be fully cleared for the start of the regular season, given the severe nature of his injury. Second-year quarterback Riley Leonard would be a candidate to start the year if Jones isn't ready to kick off there regular season, as Anthony Richardson (eye) is actively seeking a trade away from Indianapolis.

Jones (Achilles) and the Colts are finalizing terms on a two-year, $88 million contract, Tom Pelissero of NFL Network reports.

EDGE Analysis

Indianapolis assigned Jones the one-year, $37.83 transition tag March 3 and on Monday worked out a four-year, $114 million contract extension with WR Alec Pierce. Now, as the team had hoped all along, both offensive playmakers will remain in house on long-term deals. As a necessary move to clear up cap space for both contracts, the team agreed to terms Monday on a deal that sends wideout Michael Pittman to Pittsburgh. Jones is currently working his way back from a season-ending right Achilles tear suffered Week 14 of his breakout 2025 campaign, and while it's possible he could be ready for the start of the 2026 regular season, the team may invest in backup depth beyond Riley Leonard, given that Anthony Richardson (eye) has requested a trade.

Indianapolis is working toward a long-term deal with Jones (Achilles), who currently is slated to play out the 2026 season on the one-year transition tag, Tom Pelissero of NFL Network reports.

EDGE Analysis

The Colts kicked off the NFL's legal tampering period Monday by signing impending free-agent wideout Alec Pierce to a massive four-year, $114 million contract extension, giving the team room to now fully prioritize negotiations with Jones. Indianapolis and the quarterback will have until July 15 to work out a potential multi-year extension, as after that deadline Jones will be locked into a one-year, fully guaranteed $37.83 million salary for 2026. Jones is allowed to negotiate with other teams while under the transition tag, though the Colts will retain the right to match any offers. The soon-to-be 29-year-old signal-caller was enjoying a career year as Indianapolis' starting quarterback in 2025 before suffering a season-ending right Achilles tear Week 14.

The Colts are extending Jones (Achilles) the transition tag Tuesday, Tom Pelissero of NFL Network reports.

EDGE Analysis

The transition tag allots Jones a one-year, fully guaranteed $37.83 million salary for 2026 and allows him to negotiate with other teams, though Indianapolis retains the right to match any offer sheet. Jones carries a 6-to-8 month recovery timetable for surgery undergone mid-December to address a season-ending right Achilles tear, so he could be ready for the start of training camp in July. Across 13 regular-season appearances in 2025, his Colts debut, Jones completed 68.0 percent of his passes for 3,101 yards and a 19:8 TD:INT while also adding 45 carries for 164 yards and five scores. Jones was on pace for a definitive career year, though a fibula injury suffered Week 10 hampered his production even prior to his Achilles tear. Elsewhere at quarterback for Indianapolis, Anthony Richardson (eye) has requested and received permission to seek a trade.

Colts GM Chris Ballard said in his season-ending news conference Thursday that the team intends to re-sign Jones (Achilles), who will be a free agent this offseason, Stephen Holder of ESPN.com reports.

EDGE Analysis

"I think Daniel Jones has got a really bright future here in Indianapolis," Ballard said, adding that the team views Jones as an option in both the short- and long-term. The Colts were on pace to set multiple franchise records on offense in the first half of the season while Jones was healthy, but Jones was slowed by a fibula injury for a few weeks before tearing his Achilles in Week 14 against the Jaguars. The Colts ultimately finished 8-9 after starting 8-2. There had been rumblings of extension negotiations between Jones and the Colts prior to his injury. Jones' injury will have an impact on those negotiations, but there remains mutual interest in Jones rejoining a quarterback room that's set to include 2023 first-round pick Anthony Richardson (eye) and 2025 sixth-round pick Riley Leonard in 2026.

Jones underwent surgery Tuesday to repair a torn right Achilles that he suffered in Week 14 against the Jaguars, Adam Schefter of ESPN reports.

EDGE Analysis

The recovery timeline for Jones is 6-to-8 months, which puts him in a position to be fully cleared for the start of training camp in July of 2026. Jones will hit free agency in the offseason, but Schefter relays that the Colts are expected to try and re-sign the 28-year-old quarterback. Jones ended his 2025 regular season completing 68.0 percent of his passes for 3,101 yards, 19 touchdowns and eight interceptions while turning 45 carries into 164 yards and five scores across 13 games.

The Colts placed Jones (Achilles) on injured reserve Tuesday, JJ Stankevitz of the team's official site reports.

EDGE Analysis

Jones' move to IR was merely a formality after he suffered a season-ending right Achilles tendon rupture Sunday. Head coach Shane Steichen said Monday that Jones is scheduled to undergo surgery "within the week," and given the timing of the injury, the signal-caller will be hard pressed to return to full health in advance of Week 1 of the 2026 campaign. The former Giant had been in the midst of the most efficient season of his career while leading the Colts to a 8-5 record, completing 68.0 percent of his passes for 8.1 yards per attempt and a 19:8 TD:INT while adding 164 yards and five scores on the ground. The 28-year-old appeared to have put himself in position for a lucrative long-term deal with the Colts or another club in free agency this spring, but the Achilles injury could result in him having to settle for a smaller contract.

Coach Shane Steichen confirmed Monday that Jones sustained a torn right Achilles during Sunday's loss to the Jaguars.

EDGE Analysis

The quarterback will miss the remainder of the 2025 season and is slated to undergo surgery within the next week, per Steichen. Sixth-round rookie Riley Leonard, who replaced Jones Sunday, is also dealing with a knee injury of his own, James Boyd of The Athletic reports. While Steichen thinks Leonard will be able to play in Week 15 against the Seahawks, that's not a lock to happen. With Anthony Richardson (orbital fracture) still on IR and not in line to be activated this week, practice squad member Brett Rypien could end up drawing the start instead of Leonard. In his first campaign with Indianapolis, Jones had been re-establishing himself as a viable QB1, throwing for 3,101 yards with a 19:8 TD in 13 games to go along with 45 carries for 164 yards and five rushing TDs. The 28-year-old is facing a lengthy rehab, and considering that he's on track to become a free agent this offseason, his future with the Colts is uncertain.

Jones was diagnosed with a torn right Achilles tendon, NFL reporter Jordan Schultz reports.

EDGE Analysis

Jones underwent an MRI on Monday after leaving Sunday's loss to the Jaguars with an Achilles injury, and it was confirmed that he is dealing with a setback that will bring an end to his season. A timeline for his recovery was not provided, but his absence will almost certainly be measured in months. Sixth-round rookie Riley Leonard replaced Jones in Sunday's contest, and both Anthony Richardson (orbital) and Brett Rypien could be in the mix for snaps, though Richardson is on injured reserve and Rypien currently resides on the practice squad.

Jones is feared to have suffered a torn right Achilles that will require surgery, but confirmation will come Monday, Mike Chappell of Fox 59 News Indianapolis reports.

EDGE Analysis

Jones suffered a non-contact lower-leg injury in the first quarter of Sunday's 36-19 loss to Jacksonville, and he is now likely slated to miss the remainder of the season as a result. The quarterback was in the midst of a resurgent campaign with Indianapolis, but it unfortunately appears headed toward a premature end. Riley Leonard replaced Jones at quarterback in Week 14, but Anthony Richardson (orbital) could be in the picture as well to start for the Colts when/if he's able to return to action.