The Colts did the unexpected on Saturday, signing running back Jonathan Taylor to a long-term contract after weeks of delay.
The full details have now leaked. Here they are, according to a source with knowledge of the terms.
1. Signing bonus: $10.248 million.
2. 2023 Base Salary: $784,556, fully guaranteed.
3. 2024 base salary: $7.804 million, fully guaranteed.
4. Roster bonus per game in 2024: $510,000, fully guaranteed from the third day after the contract is signed.
5. 2025 base salary: $11.98 million, with $7.152 million guaranteed for injuries at signing. The $7.152 million will become fully guaranteed on the fifth day of the 2024 league year.
6. Squad bonus per game in 2025: total $1.02 million.
7. 2026 base salary: $11.98 million.
8. Squad bonus per game in 2026: total $1.02 million.
Taylor was scheduled to make $3.347 million in the remainder of 2023. The deal has a new money value of $14 million per year. As of signing, the value is $11.336 million per year, with total liquidity at $45.347 million.
The signing bonus will be paid in two parts, with $2.562 million paid on October 20, 2023 and the remaining $7.686 million on March 29, 2024.
This makes him the No. 2 running back in payback, behind 49ers running back Christian McCaffrey. It remains to be seen whether this contract will breathe new life into the running back market.
Regardless, the Colts seemed unwilling to budge. Finally they did it.