Jones, 29, signed a two-year, $2.85 million contract that included $500,000 signing bonus with the Eagles back in March. However, he was waived by the Eagles last week to make room for OL Julian Vandervelde.
This season, Jones has appeared in seven games and recorded five tackles for the Eagles.
Ballard, 25, is in the final year of his four-year, $2.24 million rookie contract that included a $144,560 signing bonus. He’ll make a base salary of $660,000 this season.
The Colts wound up cutting him loose a few weeks into the season.
Ballard has missed all but one game over the past two years, so there is obviously some serious question about his future in the NFL.