Indianapolis Colts ink Andrew Luck to reported 4-year, $22 million contract

No. 1 overall pick Andrew Luck signed a reported four-year deal with the Colts on Thursday for $22 million. (Al Bello/Getty Images)

The Indianapolis Colts have signed Andrew Luck to a four-year deal worth a reported $22 million, according to Mike Chappell of The Indianapolis Star:

Although financial terms were not immediately available, Luck was expected to receive a fully guaranteed four-year contract worth $22 million with a $14.5 million signing bonus. The Colts hold an option for a fifth year.

Luck's signing comes just in time for the start of the Colts' training camp, which is set to begin July 28. He had missed all 10 of the Colts' events since May while completing degree requirements at Stanford University.

He will start at quarterback for a franchise entering a new era without Peyton Manning, now the quarterback for the Denver Broncos.

Colts owner Jim Irsay tweeted a picture of Luck signing the deal on Thursday afternoon, saying: "12 is officially signed!"