Colts Weigh Transition Tag as Daniel Jones Talks Go Down to the Wire

Overview

• Indianapolis and Daniel Jones are still negotiating a long-term deal ahead of Tuesday’s 4 p.m. ET tag deadline, per multiple reports.
• If no agreement is reached, the Colts are expected to choose between the $43.895 million non-exclusive franchise tag and the $37.833 million transition tag.
• Team officials are leaning toward the transition tag to preserve roughly $6 million in cap space and boost chances of retaining wideout Alec Pierce, according to reporting.
• A transition tag would allow other clubs to negotiate with Jones through the third week of July, with Indianapolis holding a five-day right to match any offer.
• The Vikings are closely monitoring the situation and could pursue Jones if he becomes available, while his recent Achilles injury makes franchise-tag offer sheets unlikely, per reports.