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Daniel Jones has signed 2 yr 88m contract
Jordan Schultz
@Schultz_Report · 30m BREAKING: The #Colts and QB Daniel Jones have agreed to a 2-year, $88M deal that could be worth up to $100M, multiple sources tell me. He gets $50M in the first year and it’s the largest 2-year contract in history. Both sides wanted this to get done, and it officially makes |
He fleeced us.
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I'm shocked. That is way to much coming off of that injury.
He has a great agent |
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It's a 2-year deal. He'll be the 16th highest paid QB in the league in '26.
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Zach Hicks
@ZachHicks2 · 57m 44 million dollar signing bonus with a 5.49 million dollar base in 2026. Without void years, that’s a cap hit around 27 million, which would save Indy around 10 million vs the cap |
Yeah, I’ll just say it could have been a LOT worse. He’s really only tied to the Colts thru next season.
This was a move made out of desperation. They’re praying that the way he played early last year was more than just the product of a really weak schedule, which I don’t believe. The plus side is the new regime can start fresh after everyone inevitably gets fired after next year. |
Albert Breer
@AlbertBreer Colts QB Daniel Jones is signing a two-year, $88 million deal to stay in Indianapolis. Details on the agreement ... • His base pay is $50 million in 2026 ($12.2M more than the tag), with a chance to earn $6 million more in incentives. • His base pay is $38 million in 2027 ($10M of which is guaranteed), with a chance earn another $6 million more in incentives. • That brings the max value to $100 million over two years, which, as we've reported, was where Jones wanted to be. • As part of the incentives, Jones gets $100,000 per win (so long as he plays at least 50% of the offensive snaps in the game) over the next two years. |
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I like Jones. So I am glad this got done. Looking at the deal, it really isnt too bad. But what other teams was he going to sign with? Who were we competing with that they had to do this kind of money. If he wasnt injured last yr. after the way he was playing 50/yr is fine Just hope there are no setbacks with the injury. |
Noah Compton
@nerlens_ #Colts QB Daniel Jones contract details per @ProFootballTalk : 1. Signing bonus: $44M 2. 2026 base salary: $5.49M, fully guaranteed. 3. 2026 per-game roster bonus: $510,000 total ($30,000 per). 4. 2027 offseason roster bonus: $4M, $510,000 of which is fully guaranteed at signing. |
Well let's hope it costs us 100 million over the next two years. It is worth paying more to get this down to two years. Don't like the situation we find ourselves in but in this situation this at least give some protection if Jones doesn't come back the same QB or reverts to NY Giant Jones. I expect AR to be traded very soon. Carlee has put her money where her mouth was. Spent a ton this last week. I appreciate that. Good sign.
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James Boyd
@RomeovilleKid Reminder: The #Colts don’t have a first-round pick again until 2028 because they traded their 2026 and 2027 selections to the Jets in the Sauce Gardner trade. So, if this goes poorly, it’s better to have Daniel Jones’ contract end in 2027 if the team needs to draft a QB in 2028. |
o
I'm wondering if part of the reason why Ballard wound up giving Jones a 2 year-deal instead of trying to stick to the 1-year transition-tag deal is because it's his way of insinuating that the 2026 season is not necessarily his last chance at producing only his 2nd ever playoff team (the 2020 Philip Rivers season being his only one to-date in his tenure as the team's GM) ...... Daniel Jones is now under contract for 2 years, so perhaps Ballard is saying that I too am not to have my final judgement placed upon me until the end of those 2 years. o |
Both Over the Cap and Spotrac are saying that there are 3 void years tacked onto the end of the 2-year "real" contract to spread out the signing bonus pro-rated amount.
2026 Cap Hit looks to be $14.680m 2027 Cap Hit looks to be $46.800m 2028 Cap Hit looks to be $26.400m (due to accellerated pro-rated signing bonus amounts now accellerated into 2028 since he is no longer under contract). [[NOTE: There is $120k not being accounted for in anyone's numbers if the contract was for a flat $88m.]] If cut after 2026, hit cap hit appears to be $45.710m so just less than if we let him play in 2027. Honestly? For the position the team is in, this a fine contract. |
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Ok. Cap money gurus
Can you explain void years ? |
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I wanted Jones and AP retained and Pitman gone--maybe not at this cost, but I guess that what we're rolling with. Maybe some of the defensive pieces we signed last year will play better. |
So Spotrac lists Jones 2026 cap hit at $14,680,000. Which is 20th among QB's in the NFL. Certainly a number the team can live with and not be hamstrung in free agency.
His 2027 cap hit at $46,800,000, which if he plays well in 2026 may look like a bargain in 2027. |
He’s not worth it but it had to be done to retain Pierce so whatever
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It is a salary cap accounting gimmick to free up cap space now (costs are punted into future league years). Void years are extra years added to the end of a contract to spread out the cap hit of a signing bonus. The Eagles have built and maintained their roster by repeatedly using void years - they have deferred a ton of spending to future years. |
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Pittman had 80,69,109,99, and 88 the last five years. Those are big shoes to fill. |
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I believe Warren will get a lot of the chain moving passes Pittman used to get but Pierce is primed for a huge season |
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When Pierce uses that 40" vertical jump, he needs to not land on his head as much. Those will be some expensive protocols. |
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No if he only plays one year and then the Colts cut him. Then ALL of his pro-rated signing bonus will accellerate into 2027. Quote:
In this case, instead of chunking the $44m signing bonus into only two cap accounting buckets of $22m for 2026 and $22m for 2027, they instead added three "void" years and now split the pro-rated signing bonus into five buckets of $8.8m for 2026, 2027, 2028, 2029 and 2030. If DJ only plays 1 year of his contract, then the rest of the pro-rated signing bonus ($35.2m) will then accellerate into 2027 as he is now off contract. If DJ plays both years of his contract, then the rest of the pro-rated signing bonus ($26.4m) will accellerate into 2028 as he is now off contract. If the Colts re-sign or extend DJ past 2027, then those void years chuncks of pro-rated signing bonuses will still hit in their appropriate year ALONG WITH new pro-rated signing bonus from the new contract. It is a replacement for signing players to a 5-year contact with both sides KNOWING FULL WELL that it is really only a 2-year contact because it balloons so much that no NFL team will be willing to pay years 3-5. The player's union sought it as a tool because they wanted to differenate between "real" big contracts (5-year, $250m for QBs) and fake $250m contracts that everyone knew would never get paid out just to move more cap hit from the signing bonus into the future. And, yes, the Eagles have been using void years for a good decade now in order to keep pushing the cap hits forward into a future where the salary cap keeps growing. Some think that it is the new way to manage caps and if you are good enough at it, then the bills "never" become due. While I think it a good tool to use here or there, adding void years to almost every veteran contact you sign, IMO, is not the best plan. |
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Yes, technically there is a $26.4 million dead cap charge in 2028, but realistically, this is a 1 year prove it deal. If he repeats 2025 without getting injured, the Colts will work out a long term extension next offseason. If he flames out, the Colts take a $35.2 million dead cap hit next offseason, which will still save them about $11 million against the cap. If 2026 goes similarly to 2025, the Colts effectively have a somewhat pricey team option to evaluate for 1 more year. This is basically the best of all worlds for the situation the team is facing. They will be able to have their answer on whether or not Jones is the guy before committing to him. |
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Very clear explanation and makes me feel much better about Jones. I hope the guy costs us a fortune next year on his extension. |
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I really have nothing against paying Jones....except that I don't think he has earned the right to it yet....
Yet being the operative word. 10 games of good to great QB play mixed in with 3 games of stinker play....that is his resume with the Colts. He could be our next franchise QB and deserving of all the money.... Or he could be the Daniel Jones of the NY Giant years.... I am very, very, very, very (times many) glad that we have set it up that he has to play at least one more full year before we roll up the Brinks money truck and dump it on him. Not that getting $44m put in your pocket as signing bonus is chump change. But getting paid that much every year of a long-term contract? Yeah, that is a whole 'nother beast. This is a good contract for the Colts. If he flames out, and sorry to say I think this is the direction he will go, then after the 2027 season CIG can clean house and start over. If he succeeds? Then I eat a LOT of crow and the team is all for the better for it. |
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I agree ...... I don't think that an excellent 10-game stretch merits the money that he is getting, either. Unfortunately, due to all of the following surrounding circumstances, the Colts were between a rock and a hard place as to what to do with him. [A)l The fact that Chris Ballard desperately needs to add his 2nd-ever playoff berth in his lengthy tenure as the team's GM. [B)l The fact that the Colts' highest draft-pick in 2026 is #47 overall. [C)l The fact that the Colts' highest draft-pick in 2027 is in the 2nd round. [D)l The fact that Riley Leonard, although he has shown signs that he could very well be a very good quarterback someday, is still a raw, inexperienced wildcard that we don't know for sure how he'll pan out once put in the situation of being the starting QB of an NFL team. [E)l The fact that Anthony Richardson has been average at-best so far in the NFL, and only because his incredible athletic skills and his competitive spirit which allowed him to put his shoulder down and take on defenders in crucial situations has somewhat compensated for his awful completion percentage. Because of all of the above, the Colts had to do a lot of catering to a quarterback who didn't deserve to be in the financially demanding position that he was in. o |
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