The Facts: Taylor and the Colts have reached agreement on a three-year, $42 million contract extension that includes $26.5 million guaranteed and makes him one of the NFL's highest-paid running backs, sources told ESPN's Adam Schefter on Saturday.

Diehards Line: Taylor also was removed from the physically unable to perform list Saturday and has no injury designation, clearing him to make his season debut Sunday against the Tennessee Titans. The agreement makes Taylor the first running back to land a long-term contract worth $10 million or more per year since Nick Chubb in 2021 -- almost 800 days ago. Taylor has been one of the NFL's most dangerous offensive weapons since the Colts drafted him in the second round in 2020. He set franchise single-season rushing records with 1,811 yards and 18 touchdowns in 2021. Taylor has 3,841 rushing yards in his three seasons -- fourth-most since he entered the league.