Indianapolis Colts: Andrew Luck Contract Talks Heat Up

The Indianapolis Colts and quarterback Andrew Luck are inching closer towards a contract extension that could possibly make Luck one of the wealthiest players in the league.

The Indianapolis Colts are nearing a deal that would keep their franchise quarterback in Indianapolis for the future.

Ian Rapoport of NFL Media reported earlier Wednesday evening that both Luck and the Colts were working towards a ‘blockbuster extension.’

Team owner Jim Irsay has expressed his desire over the last few months for the Colts to get a deal done with the 26-year-old quarterback by July 4th — so the progression of the talks are a good sign that we can expect Luck to be retained within the coming weeks.

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Rapoport had this to say on the topic of the extension talks progressing:

"Slowly, over the course of several conversations since February, the two sides have moved closer on the terms of a potential deal that would no doubt make Luck the highest-paid player in league history. Currently, that player is Ravens quarterback Joe Flacco, who is earning $22.13 million per year on his extension. It’s highly unlikely Luck will accept anything below that.There would be no surprise if Luck’s deal reached $25 million per year, given his age, productivity and leverage."

There is no doubt that Luck would fully be deserving of having the ‘highest-paid player in league history’ label. Despite suffering a down year in 2015 mainly due to various injuries, he has been the glue that has been holding this team together since the Colts took him with the No. 1 overall selection in 2012.

It had been reported earlier that Irsay had wanted to sign Luck to something along the lines of a 10-year contract — an extension that is extremely rare in the NFL today but would almost ensure that Luck would finish off his career in Indianapolis.

"Colts owner Jim Irsay, meanwhile, told WISH-TV in Indianapolis in February that Luck’s deal would be “shocking.” It appears he was referring to both term and overall dollar figure. Irsay, sources say, originally wanted Luck under contract for 10 years — essentially a lifetime contract that would be a rarity in the NFL. Once the organization came off that offer and settled on a more realistic five-or-six-year offer, the gap closed."

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Even if Irsay doesn’t sign Luck to a lengthy extension, a five or six-year offer would still be ideal and ensure that the Colts will still have Luck during his prime years in the league.

Regardless of the amount of years in the contract or the dollar figure, it’s a great sign to see that Luck will likely reach an agreement on an extension in the near future.

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