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Jonathan Taylor locks in 3-year, $42M extension with Colts

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Posted at 12:48 PM, Oct 07, 2023
and last updated 2023-10-07 16:17:00-04

INDIANAPOLIS — Star running back Jonathan Taylor locked in a 3-year deal with the Indianapolis Colts, ending a stalemate that dates back to the off-season.

The Colt's confirmed the contract extension on Saturday.

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“I want to thank Jim Irsay and his family, Chris Ballard, and Coach Steichen for the opportunity to be part of this organization’s future. I greatly appreciate the support of my teammates and Colts fans," Taylor said in a statement. "I can’t wait to get back on the field and do everything I can to help bring this city the championship it deserves. I’m proud to be an Indianapolis Colt.”

According to ESPN, the deal includes a $42 million extension with $26.5 million guaranteed, placing Taylor at the top of the running back market. Taylor is now the first RB with a long-term deal worth more than $10 million since Nick Chubb in 2021.

"The Colts always envisioned Jonathan Taylor playing alongside QB Anthony Richardson. While they were open to a trade, the preferred outcome was having their really good player on the field and happy. Now they have it," NFL Network's Ian Rapoport said in a tweet.

"Part of the reason I took this job was to work with a player like Jonathan Taylor," Coach Steichen said. "He adds an explosive element to our offense and his success on the field over the last three seasons is undeniable. I’m excited for the role he’ll play on this team as we continue to build.”

The contract was negotiated by Colts owner Jim Irsay, GM Chris Ballard, exec Mike Bluem and Taylor’s representatives Malki Kawa and Ethan Lock.

JT is now listed on the 53-man roster for Sunday’s game against the Titans.