Turbin's two-year contract is for $2.7 million, with the potential for more based on playing time incentives, FOX 59's Mike Chappell reports.

EDGE Analysis

The contract reportedly has a maximum value above $4 million, but that presumably includes some incentives which nobody expects him to reach. In reality, Turbin's contract is rather modest, paying him like a borderline No. 2/3 running back -- an accurate assessment of his ability. With Frank Gore turning 34 in May and the backup situation still a bit shaky, Turbin's new contract shouldn't preclude the Colts from taking a long look at some of the top running backs in the upcoming draft. The team also has 2016 UDFA Josh Ferguson, who handled much of the passing-down work early in his rookie season but essentially disappeared down the stretch. Turbin has a tenuous hold on the top backup job.