The Colts-Jonathan Taylor saga came to an end on Saturday with the parties finalizing a three-year, $42MM extension. The deal coincides with the former rushing champion’s return to game action, and it illustrates the degree to which fences were mended before an agreement was reached. 
As Taylor rehabbed his lingering ankle injury – an ailment which led to his PUP designation to start the year and invited questions about his true health status – it seemed clear his relationship with the Colts was beyond repair. Indianapolis had denied the 24-year-old’s extension request, and allowed his agent to explore a trade. No deal materialized, though, setting Taylor up for a return to action in Week 5.
The former second-rounder added to the uncertainty surrounding his tenure with the Colts when speaking publicly for the first time this season, but that is now no longer in doubt. Attitudes on both sides seemed to improve recently as Taylor rehabbed; that process drew praise from the organization, SI’s Albert Breer notes. Now that a multi-year pact is in place, Taylor will look to return to his 2021 form while the Colts move forward with their top rushing option.
Having previously taken a public stance against running backs meeting to discuss the position’s downward financial outlook, owner Jim Irsay made one of the league’s top commitments with this Taylor contract. The former’s remarks in the wake of the deal – which will see Taylor earn $26.5MM guaranteed – confirm his expectation that a return to full health and productiveness will take place following a brief easing-in period.
In a conference call with local reporters, Irsay acknowledged (via Fox 59’s Mike Chappell) that he felt the extension was put together “too soon” in Taylor’s contract year but expressed enthusiasm over the prospect of having the Wisconsin alum in the fold through 2026. Talks on a deal – and, along the way, attempts to thaw relations – took part recently, with Chappell noting franchise icon Edgerrin James was involved in the process. If all goes according to plan, the team’s offense will be founded on the play of Taylor and rookie quarterback Anthony Richardson for the foreseeable future, a prospect Irsay added he is encouraged by.
“[Taylor’s] a SPECIAL player and this extension is important knowing the impact he’ll make as our team develops under [head coach] Shane [Steichen],” a statement from Irsay reads in part. “I have no doubt he’ll continue to create highlight plays and memories for our fans. He deserves this deal and I’m happy for him.”