Jonathan Taylor isn't going anywhere. The Colts and their star running back agreed to terms on a two-year extension worth up to $47 million, with $44 million in base value and $39 million guaranteed, according to Adam Schefter and Ian Rapoport.
That $39 million guaranteed is the headline number, and Schefter's report notes it makes Taylor's deal the largest third contract any running back has ever received. Not bad for a guy who was reportedly on thin ice with the front office as recently as a couple years ago. The new deal keeps him in Indy through 2028 and puts his average annual value at roughly $22 million, second among running backs behind only Bijan Robinson's fresh extension with Atlanta.
This wasn't a one-off splurge. Taylor's extension is the third major piece of a Colts spending spree that already included Daniel Jones' 2-year, $88 million deal and Alec Pierce's 4-year, $114 million contract. Schefter laid out the full trio in a follow-up post, and it's a clear statement from Indy: the core that got them rolling last season isn't getting broken up.
The Colts have now handed out major contracts to their QB/RB/WR trio this offseason: 🏈Daniel Jones: 2 years, $88M 🏈Jonathan Taylor: 2 years, $44M 🏈Alec Pierce: 4 years, $114M
The production backs it up. Taylor led the NFL in carries, rushing yards and rushing touchdowns in 2025, and Schefter's numbers show he's racked up 626 carries, 3,026 rushing yards and 32 total touchdowns over the last two seasons combined. Fantasy managers know it too — Taylor was averaging over 30 half-PPR points per game in Colts wins last year, the kind of workload-plus-production combo that made this contract a formality once the front office decided to keep him.
A look back at Jonathan Taylor's monster fantasy production during Colts wins last season.
The deal also resets the running back market again, and Jahmyr Gibbs is watching closely. With Taylor and Robinson's numbers now locked in, Schefter pointed out Gibbs is next in line for a new contract, and he now knows exactly what it'll take to become the league's highest-paid back. Indy still has business to handle too — Quenton Nelson and DeForest Buckner are both entering the final years of their deals, and Taylor's payday only raises the stakes for how the Colts manage the rest of their books.
For a franchise that's spent years being cautious with the checkbook, locking up its QB, its top receiver and its workhorse back in the same offseason is a real bet on this window. Taylor cashing in confirms Indy sees him as the engine of it.