My two cents is, yes, sign him to a "big" contract that is back loaded and that we can get out of with min cap hit after year 3.
He is too valuable for a rookie QB to not be on the field with him. AR needs JT to be a threat each and every down to keep his play action valid and take the pressure off him.
Assuming that his pass protection can be improved with a new coach and JT shows that in 2023, I think there is zero reason to not have him under contract for the next 3 seasons after that.
I, personally, do not love the concept of tagging a player for multiple seasons. Just because the rules say you can does not mean that it is a good ideal from a team/player relationship standpoint. And since the Colts have rarely done so in the past couple of decades, I would think that Irsay agrees with me.
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