Taylor has agreed to terms on a two-year extension with the Colts, Adam Schefter of ESPN reports.
Schefter reports that it's a two-year $44 million extension for Taylor that is worth up to $47 million and includes $39 million guaranteed. Per Ian Rapoport of NFL Network, Taylor's new deal is the largest ever third contract for an NFL running back, setting the stage for the 2020 second-rounder -- who is now signed through the 2028 season -- to continue working as the undisputed lead option in a Colts' backfield that also includes DJ Giddens, Seth McGowan, Ulysses Bentley, Anderson Castle and Roydell Williams. With both Taylor and Bijan Robinson now having landed extensions, attention turns to Detroit's Jahmyr Gibbs, another top-tier running back looking for a lucrative new pact ahead of Week 1.