Prior to the 2023 season, it appeared likely that Jonathan Taylor's time with the Indianapolis Colts may be coming to an end. Not only is he set to return from injury, but Taylor and the Colts have reportedly agreed to a three-year, $42 million contract extension, per Ian Rapoport of NFL Network.

Jonathan Taylor, Colts agree to contract extension

This is a surprising development. Although Taylor has been trending toward playing in Week 5, there were still questions about his long-term future with the Colts. The situation has involved a trade request, previously failed contract talks, and more.

Everything began to change in recent weeks though. Taylor seemed willing to re-join the team which led to excitement among fans. Now, Taylor is set to remain with the Colts for years to come.

Running backs have struggled to receive fair contracts in recent years. While quarterbacks are constantly receiving record-breaking deals, with some even getting well overpaid, stars like Jonathan Taylor have been undervalued at times. Fortunately, Indianapolis realized how important Taylor is and agreed to this three-year, $42 million contract extension.

When healthy, Taylor is arguably the best running back in the NFL. At just 24-years old, he may be getting even better. He is currently in his fourth NFL season, all of which have been spent with the Colts. Taylor's best campaign came in 2021, when he led the league in rushing yards, rushing touchdowns, and rushing yards per game.

Indianapolis is hopeful he can return to his 2021 form and help the Colts play a competitive brand of football moving forward.