Indianapolis Colts News & Rumors

Dolphins, Packers Willing To Pay Jonathan Taylor Among Highest-Paid RBs

Jonathan Taylor‘s relationship with the Colts has deteriorated to the point of no return. While owner Jim Irsay’s comments about the state of the running back market seemed to be the final straw, Taylor’s frustrations with the organization first popped up when the front office refused his extension request this offseason.

[RELATED: Packers Engaged In Jonathan Taylor Trade Talks With Colts]

While Indy was unwilling to negotiate Taylor’s next contract, it sounds like two trade suitors were willing to pay up for the running back’s services. Per Josina Anderson of CBS Sports, both the Dolphins and Packers were willing to give Taylor a contract that would place him “among the highest-paid running backs in the NFL.”

As Mike Florio of ProFootballTalk.com points out, the only RB making serious money is Christian McCaffrey at $16MM per year, and the likes of Derrick Henry, Nick Chubb, and Alvin Kamara (when accounting for his phony final year) are all earning around $12.5MM. Without knowing the specific structure of the deal, Florio opines that it’d be difficult to truly know where a Taylor extension would land at the position.

Taylor is set to earn $4.3MM in base salary this season, so he’ll undoubtedly see a raise on a new deal. It’s uncertain if Taylor would even insist on a new contract following a trade, but he can probably rest easier knowing that some suitors are willing to bump his pay.

As we noted recently, the Packers invested in the position a few years ago when they signed Aaron Jones to a four-year, $48MM extension. However, the team can easily get out of that contract (with a $6MM dent in dead cap). With fellow RB AJ Dillon set to hit free agency following the 2023 campaign, the Packers could be considering a completely new-look backfield for 2024.

Meanwhile, the Dolphins will have a number of tough decisions to make from a financial standpoint in the near future, so locking in Taylor could ruffle some feathers. Yesterday, general manager Chris Grier told reporters that the Dolphins are tabling extension talks with Tua Tagovailoa and defensive tackle Christian Wilkins until after the season.

NFL Practice Squad Updates: 8/31/23

Today’s practice squad moves:

Arizona Cardinals

  • Signed: WR Kaden Davis, OL Marquis Hayes

Baltimore Ravens

Buffalo Bills

Chicago Bears

Denver Broncos

Detroit Lions

Green Bay Packers

Indianapolis Colts

Jacksonville Jaguars

Kansas City Chiefs

Las Vegas Raiders

Los Angeles Chargers

Miami Dolphins

New England Patriots

New Orleans Saints

New York Giants

New York Jets

Philadelphia Eagles

Pittsburgh Steelers

San Francisco 49ers

Seattle Seahawks

Tampa Bay Buccaneers

Minor NFL Transactions: 8/31/23

Following a busy roster deadline day on Tuesday, teams continue to reshuffle their rosters. Today’s minor moves:

Arizona Cardinals

Baltimore Ravens

Buffalo Bills

Carolina Panthers

  • Placed on IR: TE Stephen Sullivan

Chicago Bears

Cleveland Browns

Detroit Lions

Green Bay Packers

Indianapolis Colts

Los Angeles Chargers

New York Giants

New York Jets

Seattle Seahawks

Tennessee Titans

The Ravens brought back a trio of veterans to their 53-man roster. Brent Urban is probably destined for the biggest role, with the veteran lineman serving as the top backup to Broderick Washington at defensive end. Urban got into 16 games for Baltimore last season, collecting 21 tackles and one sack. Veteran QB Josh Johnson will slide behind Lamar Jackson and Tyler Huntley on the depth chart, and Kevon Seymour will continue his role as a key special teamer.

The Cardinals are temporarily losing some production with offensive lineman Dennis Daley and linebacker Myjai Sanders being placed on IR. Daley joined the Cardinals on a two-year deal this offseason after starting 15 of his 17 appearances for the Titans in 2022. Sanders had a productive rookie campaign, with the third-round pick collecting 23 tackles, three sacks, and one forced fumble.

Julian Okwara has turned into a productive pass-rushing option in Detroit. The former third-round pick has collected seven sacks over the past two seasons, but he’ll now be sidelined for the start of the season while recovering from a knee injury suffered during in the preseason finale.

Five Teams Placed Claims On WR Elijah Higgins

Elijah Higgins was a popular name on the waiver wire yesterday before he ultimately landed with the Cardinals. According to ESPN’s Field Yates (via Twitter), the Colts, Titans, Commanders, and Packers also tried to claim the receiver.

It’s not a surprise that there’s plenty of intrigue in the Stanford product. Higgins had productive 2021 and 2022 campaigns, hauling in 104 receptions for 1,204 yards and six touchdowns. Thanks to that performance, the former four-star recruit found himself on the NFL radar, and the Dolphins ended up using a sixth-round pick on him during this past year’s draft.

However, Higgins found himself joining a deep receivers room in Miami. The rookie still had a shot at making the roster, but Miami ended up rolling with the likes of Braxton Berrios, Cedrick Wilson, Erik Ezukanma, and River Cracraft to round out the WRs room behind Tyreek Hill and Jaylen Waddle.

Higgins could have a chance to contribute in Arizona, though it’d likely require an injury for him to see a significant role on offense. Behind Marquise Brown and Rondale Moore, the Cardinals are rostering Zach Pascal, rookie Michael Wilson, and Greg Dortch.

Per Fields, Higgins was one of only two players to earn more than two waivers claims. The other was new Texans lineman Nick Broeker, who also drew interest from the Cardinals, Titans, and Giants.

Colts To Sign DE Jacob Martin

Jacob Martin will bounce to a third team this year. This move will be an intra-AFC South switch. After the Texans released the veteran pass rusher, KPRC2’s Aaron Wilson notes the Colts will sign him.

The Texans showed interest in bringing Martin back after the Tuesday release, per Wilson. A number of teams have re-signed vested vets they released Tuesday, doing so after rearranging their roster — largely via IR moves — following submissions of their initial 53s. But Martin will instead head to Indianapolis.

Indy will be Martin’s fifth NFL destination. Going from the Seahawks to the Texans in the 2019 Jadeveon Clowney trade, Martin then signed a multiyear Jets deal. The Broncos acquired Martin shortly after sending Bradley Chubb to the Dolphins. Weeks after Sean Payton took over as head coach, Denver released Martin, leading him back to Houston.

The Colts did not bring back Yannick Ngakoue this offseason, despite his extensive history with DC Gus Bradley. Ngakoue signed with the Bears earlier this month. Indianapolis did sign Samson Ebukam, who comes over after two years with San Francisco. Kwity Paye and Dayo Odeyingbo remain on their respective rookie contracts, and former second-round pick Tyquan Lewis is on the active roster 10 months after suffering a patellar tendon rupture. Lewis re-signed on a one-year, $2.1MM deal in March.

Martin, 27, is coming off a down season that ended with him on the Broncos’ IR list. He finished with 2.5 sacks last season. However, Martin earned a three-year, $13.5MM Jets deal in 2022; this came after his four-sack, two-forced fumble 2021 slate (which also included a safety). Martin profiles as a depth piece for the Colts, who continue to hope their top two 2021 draftees take steps forward.

Packers Engaged In Jonathan Taylor Trade Talks With Colts

Set to run back their Aaron JonesAJ Dillon tandem for a fourth season, the Packers have their 2023 backfield in place. But questions exist regarding Green Bay’s running back group beyond this year.

On that note, the Packers look to be one of the teams interested in Jonathan Taylor. They talked Taylor with the Colts before the AFC South team’s Tuesday deadline, Stephen Holder of ESPN.com reports. While as many as six teams were said to have expressed interest in Taylor, Holder notes the Packers joined the Dolphins in discussing the disgruntled All-Pro with the Colts.

The Packers component in these talks figures to remain relevant, as the Colts have until the Oct. 31 trade deadline to move Taylor. The former rushing champion remains on Indianapolis’ PUP list, with his reserve/PUP designation mandating he miss the season’s first four games. Taylor can return to practice after Week 2, however, which would open the door to trade talks picking back up in the near future.

Jones and the Packers huddled up on a reworked contract in February, a move that marked the first major transaction in a tough offseason for running backs. The deal gave Jones more 2023 guarantees but also came with a $5MM pay slash. The four-year, $48MM deal Jones signed before free agency in 2021 runs through 2024. The Packers could still designate Jones a post-June 1 cut next year, incurring less than $6MM in dead money to do so. Jones’ adjustment still makes a 2024 divorce somewhat prohibitive, but the Packers did just approach a dead-money record by taking on $40MM by trading Aaron Rodgers.

Dillon is going into the final season of his rookie contract. The former second-round pick has indicated he would like to stay in Green Bay, and next year’s free agent class looks set to top this year’s buyer’s market. Dillon is on track to join a number of high-end RBs on next year’s market, barring extensions agreed to before the tampering period. Taylor would represent a preemptive strike for the Packers, who would seemingly need to part ways with both their current backs in 2024 if they were to complete a trade-and-extend scenario involving the Wisconsin alum.

While Taylor is a New Jersey native, he starred at Wisconsin before going to the Colts in the 2020 second round. The Packers will not have Rodgers’ top-market contract on their payroll in 2024, being set to shed the contract off their cap sheet after this season. But the team will also need to make a call on Jordan Love, who signed a half-measure extension (two years, $13.5MM) that prevented the team from having to exercise a fully guaranteed fifth-year option on a player with little experience. Taylor would stand to fit better on a team with a rookie-QB contract, but the Packers have a unique signal-caller salary situation post-Rodgers.

The Dolphins, meanwhile, discussed “several” potential deals with the Colts, Holder adds. None are believed to have involved a first-round pick. Indianapolis asked for a first-rounder or a package of picks matching that value. Taylor still wants to be traded, and Holder adds interest remains. The Dolphins look to have viewed the Colts’ Tuesday deadline as fairly loose, and their extensive interest in running backs this offseason points to a reengagement at some point.

Indy’s asking price will need to come down in order for the Dolphins to bite. The Colts targeted Jaylen Waddle in their Taylor talks, Barry Jackson of the Miami Herald reports. The AFC South club wanted the former top-10 wideout draftee and then some, per Jackson, who adds the Dolphins discussed packages involving players and picks. Suffice to say, Miami did not view Indianapolis’ ask as reasonable. The Colts made multiple counterproposals over the span of a week, per Jackson and Holder.

The Dolphins traded up from No. 12 to No. 6 for Waddle, who has become one of the NFL’s best young wideouts. With receivers dwarfing running backs on the salary spectrum, it is understandable the Dolphins did not want to engage on Waddle. The Alabama-developed speedster teamed with Tyreek Hill to form one of the top receiving duos in recent NFL history last season. Waddle posted 1,356 yards (an NFL-high 18.1 per catch) and eight touchdowns in his second season.

The prospect of a team giving up high-level draft assets and authorizing a near-top-market extension for Taylor — in a year in which RB value cratered — has led this situation to its current place. With Taylor eligible to practice in less than a month, the market could heat up again.

Colts Re-Sign WR Isaiah McKenzie, Place TE Jelani Woods On IR

5:23pm: McKenzie’s release has proven to be a paper transaction. The Colts announced he has been re-signed, so his time with the team will continue. To open a roster spot to make the McKenzie reunion possible, second-year tight end Jelani Woods was placed on IR. The latter – who has been named by some as a breakout candidate for 2023 – will thus be sidelined for at least the first four weeks of the season.

1:50pm: Making three waiver claims Wednesday, the Colts needed to clear roster space. Isaiah McKenzie will be one of the players moved off Indianapolis’ 53-man squad.

The Colts claimed tackle Ryan Hayes (from the Dolphins), defensive end Isaiah Land (from the Cowboys) and guard Josh Sills (from the Eagles). D-tackle McTelvin Agim and offensive lineman Carter O’Donnell join McKenzie in being cut to make room.

This is the second time a team has cut McKenzie this year. The Colts gave the 5-foot-8 slot receiver a one-year deal worth $1.32MM. The only dead money that will come via this release will be the $403K guarantee Indy authorized. The Colts picked up McKenzie not long after the Bills dropped him this offseason.

As a result of this release, the Colts have just three wide receivers — Michael Pittman Jr., Alec Pierce, third-round rookie Josh Downs — on their active roster. Indy also moved on from veterans Amari Rodgers, James Washington and Breshad Perriman this week. Though, Rodgers and former seventh-round pick Mike Strachan are back on the practice squad. The Colts will need to make some adjustments before Week 1, as teams do not go with three-wideout gameday configurations.

Downs is on track to work in the slot alongside Pittman and Pierce, while the Bills picked up Deonte Harty from the Saints shortly after cutting McKenzie. The Bills had given McKenzie a two-year, $4.4MM deal in 2022, keeping his Buffalo resurgence going. McKenzie scored 15 touchdowns with the Bills, including five in 2021, and posted a career-high 423 receiving yards last season. Despite the Bills also using him as a gadget weapon, they did not opt to keep the 28-year-old playmaker around after an inconsistent receiving campaign.

Wednesday NFL Transactions: AFC South

Following the 53-man roster cutdown deadline Tuesday, many teams will make slight tweaks to their rosters. In addition to waiver claims, teams can begin constructing their 16-man practice squads today. These ColtsJaguarsTexans and Titans moves are noted below.

Houston Texans

Claimed:

Waived:

Signed to practice squad:

Indianapolis Colts

Placed on IR:

Signed:

Claimed:

Waived:

Signed to practice squad: 

Jacksonville Jaguars

Claimed:

Waived:

Signed to practice squad:

Tennessee Titans

Claimed:

Waived:

Signed to practice squad:

Released:

Released from IR via injury settlement:

Colts To Add S Ronnie Harrison, DE Al-Quadin Muhammad To Practice Squad

Two of the veterans the Colts released Tuesday remain in the team’s plans. Ronnie Harrison and Al-Quadin Muhammad are staying with the team on practice squad agreements, Adam Schefter of ESPN.com tweets.

Each a vested veteran who avoided a crowded waiver wire, Harrison and Muhammad could be back on Indianapolis’ active roster soon. These agreements may represent preludes for the safety and defensive end, respectively, to rejoin Gus Bradley’s defense.

Teams can roster up to six vested vets on their 16-man P-squads, but since the league expanded its taxi squads in 2020, they have served as frequent way stations for veterans. Harrison would make sense as a ramp-up player, having only signed with the Colts in mid-August. A former Colts starting defensive end, Muhammad rejoined the team during the offseason.

Muhammad, 28, registered six sacks as a Colts starter in 2021. The team used first- and second-round picks on defensive ends that year — Kwity Paye, Dayo Odeyingbo — and needed veteran support after not re-signing Justin Houston. Muhammad parlayed that performance into a Bears agreement, rejoining Matt Eberflus. Chicago cut bait on that contract this offseason, however. Muhammad made nine starts with the Bears last year but totaled just one sack in 16 games.

Using three-safety sets frequently, the Browns deployed Harrison often. The five-year veteran made 23 starts in Cleveland, coming to Ohio after a 22-start run in Jacksonville. The Browns added Rodney McLeod this offseason, bringing over a 2022 Colts starter. Indy has Julian Blackmon going into a contract year and has 2022 draftees Nick Cross and Rodney Thomas as options to succeed McLeod.

Colts’ Jonathan Taylor To Stay On PUP List

No Jonathan Taylor trade took place Tuesday. The Colts had set today as a loose deadline to deal their disgruntled running back, but they have not liked an offer enough to move him.

Not only will Taylor stay in Indianapolis, NFL.com’s Ian Rapoport reports the former rushing champion is set to begin the season on the reserve/PUP list. This will sideline Taylor for at least four games. The Colts technically have until the October 31 trade deadline to move Taylor, but they had set today as a temporary endpoint. As a result, this impasse has reached gridlock.

Two teams showed significant interest, but Colts GM Chris Ballard did not view the offers as fair, per Rapoport and ESPN’s Adam Schefter. This saga has lasted for more than a month now, with Taylor making his trade request in late July.

The Colts opened the market last week, allowing Taylor’s camp to find a trade partner. No first-round pick was believed to have been offered. Considering no team has traded a first-rounder for a running back since the Colts sent the Browns one for Trent Richardson 10 years ago, it is certainly not surprising the Colts’ asking price has not been met. Indianapolis has sought a first-rounder or an equivalent package of picks, but in a year in which RB value has tanked, the team is stuck for the time being.

Jim Irsay led the way in alienating Taylor and leading this relationship to this point, sending a much-discussed tweet about the state of the running back market and then not helping matters with more comments on the situation after a one-on-one meeting with the team’s would-be starter. Taylor, 24, had said earlier this year he wanted to retire a Colt. This situation has deteriorated in the months since that remark. Irsay had said the Colts were not trading Taylor, and while the Colts have backtracked on that a bit, the saga will now lead to the team playing four games without the former All-Pro.

Inquiring on just about every high-profile running back potentially available this year, the Dolphins have been in the mix since the Colts gave the green light for teams to send offers. It is safe to assume the Dolphins are one of the two teams to express serious interest; talks with Miami were believed to have taken place over a several-day period. But the Dolphins, as they did with Dalvin Cook, continue to stand down. As of Monday, it sounded like the Dolphins would still look into Taylor after this Colts-imposed deadline.

This certainly is not a good look for the Colts, who will begin Shane Steichen’s tenure with their best skill-position player out of the mix despite probably being healthy. This also will lead to a delay in Taylor’s bounce-back opportunity. Taylor suffered an ankle injury — his first notable malady during his pro or college tenures — last season, costing him six games, but underwent surgery in January. Irsay pronounced Taylor ready to go for camp, and while rumors of the fourth-year back needing more treatment ahead of camp surfaced (before Taylor left camp for reported ankle treatment), this should be considered a hold-in of sorts.

The Colts are not planning to extend Taylor’s contract this year, refusing a request from the running back during the offseason. Other teams’ unwillingness to both trade high-value compensation for Taylor and give him an upper-crust contract has led this drama to a standstill. With the team keeping Taylor on the PUP list, this pause could last a while.