Reports: Colts RB Jonathan Taylor agrees to 3-year, $42M extension

(Photo credit: Mykal McEldowney/IndyStar / USA TODAY NETWORK)
Indianapolis Colts running back Jonathan Taylor agreed to terms on a three-year, $42 million contract extension that includes $26.5 million guaranteed, multiple media outlets reported Saturday.

Taylor was activated to the 53-man roster Saturday and the Colts waived fellow running back Jake Funk. The team also lifted Taylor's questionable tag for Sunday's game