Colts Place Transition Tag on Jones

The Colts will retain the right to match any offer sheet Jones signs with another teams, as the transition tag costs $37.833M—$6M less than the franchise tag. Jones had a career revival with Indianapolis after spending his first six seasons with the New York Giants.

Before a season-ending injury, Jones started 13 games, passing for 3,101 yards and 19 touchdowns while maintaining a career-best 68% completion percentage. He also added 164 rushing yards and five touchdowns on the ground, on pace to surpass his previous career bests in multiple categories.