Daniel Jones agrees to two-year, $100 million extension with Colts as Trey Hendrickson commits to $112 million deal with Ravens

Quarterback Daniel Jones has confirmed his intention to remain with the Indianapolis Colts for a minimum of two additional years.

The Colts and Jones have officially come to a significant agreement regarding a new contract that could see him earning as much as $100 million. This was reported by a source familiar with the negotiations, as relayed by The Associated Press on Wednesday. This contract not only reflects the faith that the Colts organization has in Jones as their leading quarterback but also underscores the long-term vision they have for their offensive strategy.

Under the terms of this new deal, Jones will secure $88 million over the next two seasons, with an impressive $50 million guaranteed upfront. Additionally, he has provisions in place that could allow him to earn an extra $12 million through various performance incentives. This results-driven approach suggests that both Jones and the Colts are committed to maintaining high standards in his performance on the field while also placing value on his potential to lead the team to victory.

During the previous season, Jones had a productive start, effectively guiding the Colts’ offense to a successful 10-game stretch. Unfortunately, his season took a downturn after the bye week. While playing through a hairline fracture in his left leg, he ended up suffering a catastrophic injury—a torn right Achilles tendon—early in December, which ultimately ended his season prematurely. This late-season injury has sparked concern about his readiness for the upcoming football season.

As the Colts prepare for the new season, there is some uncertainty about whether Jones will be fit to play when the regular season kicks off in September. However, both Colts general manager Chris Ballard and head coach Shane Steichen have expressed optimism that Jones will participate in training camp. This optimistic outlook signifies the importance of getting him back to full strength, as he has demonstrated his capabilities in past seasons—having completed 68 percent of his passes last season for a total of 3,101 yards. This marks his highest yardage total since he led the New York Giants to the playoffs in 2022. In that same season, he connected for 19 touchdown passes, which is a notable improvement and his best tally since 2019, while keeping his interceptions to a manageable eight.

On another front, the Colts are also looking into acquiring a backup quarterback, especially in light of the fact that they have allowed Anthony Richardson—the fourth overall pick in the 2023 NFL Draft—to seek a trade. Richardson had lost the starting position to Jones in training camp last year and faced challenges of his own, including an eye injury sustained in an unusual pregame incident that curtailed his playing opportunities for the remainder of the season.

Additionally, in notable developments regarding NFL contracts, four-time Pro Bowl defensive end Trey Hendrickson has finalized a lucrative four-year contract worth $112 million with the Baltimore Ravens. This deal comes after the Ravens opted out of pursuing a contract with standout defensive lineman Maxx Crosby. Hendrickson’s addition is expected to greatly enhance the Ravens’ defensive front, further strengthening their pass rush capabilities and adding depth to a squad that is aiming for success in the upcoming season.