The Indianapolis Colts are actively working toward a multiyear contract extension with quarterback Daniel Jones, per @TomPelissero. The news comes as the Colts continue an aggressive offseason of spending to solidify their roster.
Jones is currently designated with the team's transition tag, which would have kept him on a one-year deal. However, both parties are now focused on securing a long-term agreement that would keep the quarterback in Indianapolis for the foreseeable future. According to Tom Pelissero, the Colts are not yet finished with their offseason moves and view a long-term deal for Jones as a priority.
The transition tag allowed Jones the opportunity to negotiate with other clubs, with the Colts holding the right of first refusal to match any offer sheet. By transitioning to a multiyear deal, the Colts front office aims to provide stability at the most critical position on the field while potentially creating more flexible salary cap space for the upcoming season. Jones has become the centerpiece of the Colts' offensive plans, and this latest development signals a strong commitment from the organization.
This is a developing story. Check back for updates.
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