Colts Place Transition Tag on Jones

The transition tag, valued at $37.833M, is approximately $6M cheaper than the franchise tag for quarterbacks. It allows Jones to negotiate with other teams, though the Colts retain the right to match any offer he receives.

Jones had a career resurgence with the Colts in 2025, passing for 3,101 yards and 19 touchdowns in 13 games before a season-ending injury. His 68% completion percentage last season represented a career high.