Indianapolis Colts quarterback Daniel Jones has agreed to a two-year contract extension worth up to $100 million, according to a person with knowledge of the deal who spoke to The Associated Press on Wednesday.

The contract will pay Jones $88 million over the next two seasons, with $50 million guaranteed. He can earn an additional $12 million through incentives, bringing the total potential value to $100 million.

The extension ensures Jones will remain with the Colts for at least two more years beyond his current contract. The deal represents a significant financial commitment by Indianapolis to their quarterback.

Jones had a promising start to his Colts career before the 2025 season ended with a series of injuries. The contract extension indicates the organization's confidence in his ability to lead the team moving forward.

The financial terms place Jones among the higher-paid quarterbacks in the NFL, reflecting the premium value teams place on the position. The guaranteed money provides security for the player while the incentive structure allows the team to tie additional compensation to performance.