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Daniel Jones receives the transition tag from the Indianapolis Colts, allowing them to match any contract he signs with another team. The transition tag is valued at $37.8 million for the 2025 season. Wide receiver Alec Pierce won’t receive a tag.
Trey Hendrickson, after a lengthy contract dispute with the Cincinnati Bengals, is free to enter the market without restrictions. Hendrickson, 31, leads the edge rusher rankings and is coming off a season limited by injury, logging only four sacks.
The Seattle Seahawks decide against tagging Kenneth Gainwell, who ranks sixth among free agents after rushing for 1,027 yards in the regular season.
All tagged players must negotiate a multi-year deal by July 15 or play on the tag for 2026. Free agency kicks off next week, with big moves anticipated.

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