Colts placed the transition tag on QB Daniel Jones.

03 March 2026

This gives Indianapolis the “right of first refusal” in negotiations with Jones, it’s the first time a transition tag has been issued to a quarterback since Jeff George. This tag means the Colts cannot tag Alec Pierce, so the wideout could hit free agency if a deal isn’t worked out. For Jones, this is a continuation of a legendary career of bag-getting, earning at least $37.8 million despite suffering a late-season torn Achilles that threatens his early-season availability. It’s hard to understand why the Colts went this route against the field when Jones’ career doesn’t really stand out in any way outside of his two-month span at the start of the season, but the simplest way to put it may be that the honeymoon never ended. Jones could sign an offer sheet with another club if another club wants to do so.