Colts, running back Jonathan Taylor agree to $42 million contract extension: reports

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The stalemate between running back Jonathan Taylor and the Indianapolis has reportedly come to an end. 

Taylor and the Colts have reached an agreement on a three-year, $42 million contract extension with $26.5 million guaranteed, according to multiple reports. 

The extension makes him one of the highest-paid running backs in the NFL, according to ESPN.

Indianapolis Colts running back Jonathan Taylor watches practice at training camp in Westfield, Ind., July 29, 2023.  (AP Photo/Michael Conroy)

On Saturday, the Colts activated Taylor from the reserve/physically unable to perform list, meaning he can make his season debut Sunday against the Tennessee Titans. 

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Taylor has not played since December after reinjuring his right ankle and having offseason surgery to repair it. He was placed on injured reserve for the final three games of 2022. After being on the physically unable to perform list during training camp when he was asking for a trade, the Colts kept him on the PUP list to start the season. 

"I know he's a great player, and I know I can do some things pretty well," quarterback Anthony Richardson said. "Just trying to combine those two things, I can only imagine what it's like, but we won't see until it actually happens. We'll see and I'm excited."

Indianapolis Colts running back Jonathan Taylor, left, high-fives quarterback Gardner Minshew II at training camp in Westfield, Ind., July 29, 2023.  (AP Photo/Michael Conroy)

Taylor, a Pro Bowler and a first-team All-Pro in 2021, requested a trade out of Indianapolis in late July after meeting