"The tag guarantees the Colts the right of first refusal for Jones, preserving the right to match any competing offer sheet he might sign with an interested club. If Jones does not sign a competing offer sheet, he would earn a one-year, guaranteed salary of $37.833 million."
"Colts general manager Chris Ballard said last week that contract talks with Jones and another key free agent, receiver Alec Pierce, were proceeding well. The franchise tag (and, presumably, the transition tag), 'is a tool we have. It's not what we want to do though.'"
"While the franchise tag often is used multiple times each year, the transition tag is much less used. No quarterback has been tagged with the transition tag since ESPN Research began tracking such moves in 2000. Only 20 players have been given the transition tag since then."
The Indianapolis Colts applied a transition tag to quarterback Daniel Jones ahead of the free agency deadline, securing the right of first refusal on any offer sheet he signs elsewhere. This rare move guarantees Jones a one-year salary of $37.833 million if he doesn't receive competing offers. General Manager Chris Ballard indicated contract negotiations with Jones and receiver Alec Pierce were progressing positively, characterizing the tag as a tool rather than the preferred outcome. The transition tag remains uncommon in the NFL, with no quarterback receiving it since 2000. Most players tagged this way reach agreements with their teams before the season begins.
Read at ESPN.com
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