Andrew Luck, Colts Agree to Contract Extension

Indianapolis Colts quarterback Andrew Luck has agreed to terms on a new deal that will keep him in town for the long haul.

Continue for updates.

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Colts Announce Luck Extension 

Wednesday, June 29

The Colts revealed Wednesday that Luck has agreed to terms on a new deal with the franchise. Owner Jim Irsay tweeted the deal will keep him with the team through the 2021 season. 

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Luck Comments on Negotiations

Thursday, June 9

Luck told reporters he expects to reach an agreement with the team by training camp, adding: "I know I'm a Colt."

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Irsay Comments on Contract Talks

Wednesday, June 8

Irsay told reporters he would be "surprised" if Luck didn't have a contract extension by the beginning of training camp.

"Luck's contract is imminent. Possible it could be done by July 4. It's gonna be a big number," continued Irsay when speaking with reporters.

On April 30, Irsay told Mike Chappell of Fox 59 that negotiations for an extension were "progressing well" and that both parties "got into serious discussions."

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Luck, Colts Progressing on Talks for Massive Contract

Wednesday, June 8

Ian Rapoport of NFL.com reported Luck and the Colts are "making progress toward a blockbuster contract extension," citing sources who said the talks are on track for a deal to be struck in July.

Rapoport added, "There would be no surprise if Luck's deal reached the $25 million mark on a per-year basis, given his age, productivity and leverage."

On May 9, Bleacher Report's Jason Cole reported Luck's new contract is expected to make him the highest-paid quarterback in the NFL:

In January, Gregg Doyel of the Indianapolis Star reported Luck could become football's "first $200 million man."

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Luck Is Vital to Colts' Future Despite Injury-Plagued 2015

In his fourth year in the league, Luck appeared in just seven games due to injuries, which could explain why his numbers were down.

Luck's completion percentage was his worst since his rookie season, and he threw 12 interceptions. His career-worst was 18 during that first campaign, in which he played all 16 games.

It didn't help that he was sacked 15 times in seven games, something the Colts addressed this offseason when they hired former Miami Dolphins head coach Joe Philbin to take control of the offensive line.

They also attempted to bolster Luck's protection by selecting Alabama center Ryan Kelly with the 18th overall pick of the draft in April. 

When healthy, Luck possesses one of the most dangerous arms in the league and is capable of carrying the Colts. In each of his first three seasons, the team went 11-5 and made the playoffs, something that should be a regular occurrence if he's given that kind of money.

If he manages to stay healthy and remain on his feet, Luck will be worth every cent of this extension.

Stats courtesy of Pro-Football-Reference.com.