NFL teams can officially sign free agents beginning at 4 p.m. today and the Colts' biggest move could be done by then. The NFL Network is reporting that a deal between the Colts and quarterback Daniel Jones "could be done today.

With Colts quarterback Daniel Jones restricted by the transition tag, he can't receive offers from other teams until the new league year begins.

The Indianapolis Colts are negotiating with a delusional person as they attempt to work out a long-term contract with Daniel Jones. We can talk about what is involved in “negotiating” all we want but there has to be a starting level of “reason” involved.

Rumors suggest that Daniel Jones and the Colts are making progress on a potential contract after an Insider walks back his initial report.

PFT has confirmed that the Colts and quarterback Daniel Jones have struck a deal on a two-year contract that will replace his transition tag for 2026. The contract has a base value of $88 million, roughly $5 million more than playing for two years under the transition tag ($37.

The transition tag allows Jones to negotiate with other teams and the Colts can match a potential offer, although they receive no compensation should he sign elsewhere.