The deadline for teams to use the franchise tag for Indianapolis Colts quarterback Daniel Jones is set at 4 p.m. ET on Tuesday. Jones, who is recovering from a torn Achilles, could be the subject of another team signing him as a free agent next week. The non-exclusive franchise tag value was set at $43.895 million for quarterbacks, a price tag that could be prohibitive for the Colts' hopes to bring back unrestricted free agent wide receiver Alec Pierce. Despite the medical concerns, Jones is reportedly on track and the team feels confident about where he is headed. The Colts are also expected to trade or release quarterback Anthony Richardson, who has reportedly requested a trade.