Andrew Luck has signed a new contract with the Indianapolis Colts that covers the next six seasons through 2021.
The $140 million deal was completed Wednesday with Luck, the No. 1 pick in the 2012 draft. Owner Jim Irsay revealed the maximum value on Twitter, calling it the biggest contract in NFL history.
Details on Andrew Luck deal:
5-year extension (6-year deal).
Just north of $139 million (a record).
$87 million in guarantees (a record).
— Adam Schefter (@AdamSchefter) June 29, 2016
$140 Million over 6 Years... Biggest Contract in NFL History... Congrats to #12!!!
— Jim Irsay (@JimIrsay) June 29, 2016
I think it's fair to say, Luck is RICH!
— Tyrann Mathieu (@Mathieu_Era) June 29, 2016
Luck has been one of the most productive quarterbacks the NFL has ever had over a player's first four years as a pro. He was the third-fastest to 13,000 career passing yards, in 49 games.
Before last season, the Colts exercised the fifth-year option on Luck's contract to guarantee him more than $16.1 million for the 2016 season. The new deal adds five years, giving Luck another chance to cash in with a big contract around age 32.
