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.

Are the Colts better off with Anthony Richardson or the newly signed Daniel Jones? The SportsLine Projection Model has the answer

Daniel Jones is getting a reported 1-year deal counting $14 million toward the 2025 salary cap. Anthony Richardson is set to count $9.2 million.

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.

The Colts had been one of the more notable suitors for Jones, and the quarterback was reportedly deciding between joining them or sticking with the Minnesota Vikings, who he signed with in the middle of last season.

Jones wants to start again, and in order to do so, he'll have to beat Anthony Richardson, the Colts’ 2023 No. 4 pick, for the job

Now what about Daniel Jones, the former New York Giants starter? It turns out the veteran quarterback is deciding between two teams ahead of the official start of 2025 NFL free agency: the Indianapolis Colts and Minnesota Vikings.

Following the free agency signing of quarterback Daniel Jones, the Indianapolis Colts referenced one of the most iconic movie franchises of all time, Indiana Jones, in a social media post. The Colts posted a celebratory picture after Jones was signed.