The Colts are the second team to ever use the transition tag on a QB (Daniel Jones).
The first team to do so was the Falcons, who used it on Jeff George in 1996.
Another tag: The Colts are placing the transition tag on QB Daniel Jones, per sources. The transition tag is $37.833M, more than $6M cheaper than the QB franchise tag, but gives Jones the opportunity to sign an offer sheet with another team that Indianapolis would then have the right to match.