Colts Place Transition Tag on Jones

The transition tag, valued at $37.833 million, gives Jones the opportunity to sign offer sheets with other teams while allowing the Colts to match any offers to retain their starting quarterback. This option is approximately $6 million cheaper than the franchise tag.

Jones had a career resurgence with the Colts in 2025, starting 13 games and passing for 3,101 yards with 19 touchdowns before a season-ending injury. He also added 164 rushing yards and five scores, while posting a career-best 68% completion percentage.