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Indianapolis Uses Transition Tag to Keep QB Daniel Jones

The Indianapolis Colts have placed the transition tag on quarterback Daniel Jones after failing to finalize a long-term extension before the deadline, per Ian Rapoport and Tom Pelissero. Jones is set to earn $37.83 million fully guaranteed in 2026. He can negotiate with other teams, but Indianapolis retains the right of first refusal and would receive no compensation if it declines to match.