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Report: Colts signing LB Zaire Franklin to 3-year, $31.26M contract extension

According to NFL Network’s Ian Rapoport, the Indianapolis Colts are signing starting linebacker Zaire Franklin to a 3-year, $31.26M contract extension:

Before free agency, an extension: The #Colts are signing LB Zaire Franklin to a 3-year, $31.26M extension, per agents Drew Rosenhaus and Kyle Lincoln.

— Ian Rapoport (@RapSheet) March 11, 2024

The 28 year old linebacker was set to otherwise become a free agent at the end of the 2024 season, but this deal will keep him in Indianapolis through the conclusion of the 2027 campaign.