The Colts should be considered winners for this signing. They are paying Jones $14 million for a year, but it's worth the money. They have to find out if Richardson is the future of the franchise, and there's no better way to do that than through competition with a quarterback like Jones who's itching to start under center again.

Free-agent quarterback Daniel Jones is signing a one-year, $14 million deal with the Indianapolis Colts, according to ESPN's Adam Schefter. The Colts haven't been a team known to spend big on free agency in recent years, so this is a bit out of character for them.

Daniel Jones is officially a member of the Colts and that means the battle for the starting quarterback job in Indianapolis is on.