The Colts have agreed to a contract extension with quarterback Andrew Luck that will keep him in Indianapolis through the 2021 season, team owner Jim Irsay announced on Twitter.
The deal, worth $140 million, will pay him $74 million over his first three years, according to NFL Network’s Ian Rapoport. ESPN’s Adam Schefter reports Luck will make $47 million guaranteed at the time of signing, and $60 million guaranteed by the start of the 2017 season.
Luck, 26, picked up his $16.1 million player option at the conclusion of last season. He was set to hit the free agent market in 2017 without a new deal.
The former No. 1 overall pick has earned three trips to the Pro Bowl in his four years in Indianapolis, and led the league with 40 touchdowns in 2014 to go along with 4,761 yards. He’s coming off an injury-shortened year in 2015 that saw him complete 55% of his passes for 1,881 yards and 15 touchdowns, with 12 interceptions, in seven games.
– Kenny Ducey