10:01pm: A source with knowledge of the contract says that Jones’ absolute guarantee is $10MM thanks to a $5.5MM signing bonus and a fully-guaranteed base of $4.5 for 2014, tweets Mike Florio of Pro Football Talk. The $16MM guarantee figure is including his $6MM 2015 base salary, guaranteed for injury only.
5:58pm: Wilson reported more details of Jones’ new contract, which will be worth $33MM over five years, and will include $16MM in guaranteed money. Jones will also receive a $5.5MM signing bonus as part of the deal (via Twitter).
3:18pm: The Colts and Jones have agreed to a five-year deal worth about $6MM annually, reports Aaron Wilson of the Baltimore Sun (via Twitter).
8:19am: There’s a strong chance that the Colts will sign defensive lineman Arthur Jones as soon as today, sources tell Aaron Wilson of the Baltimore Sun (Twitter link). Jones’ new deal is expected to be worth $6-7MM per season.
Jones, 27, had been expected to draw significant interest from other teams on the open market, and was viewed as a good bet to leave the Ravens in free agency. The Titans, Redskins, Giants, Vikings, and Packers were among the clubs said to be interested in the former fifth-round pick, who I ranked as the 23rd-best free agent available this offseason.
Playing primarily as a part-timer on his rookie contract, Jones hasn’t accumulated a whole lot of mileage, but has exhibited plenty of potential when he’s played. In 529 snaps for the Ravens in 2013, Jones recorded a +15.7 PFF grade, performing very well against the run while also compiling 25 quarterback pressures.
Assuming the Colts can finalize the signing, it will be the team’s second major defensive addition of the offseason. The club also reached an agreement with linebacker D’Qwell Jackson last week. Next up on Indianapolis’ to-do list will be filling out a secondary that might lose cornerback Vontae Davis and/or safety Antoine Bethea.