Despite having an even more successful start to his career than Peyton Manning, Colts QB Andrew Luck’s big payday is still a long ways off.
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Indianapolis Colts owner Jim Irsay announced that the team will not give star QB Andrew Luck a contract extension in 2015 and will wait until after they’ve begun his 5th-year option.
In an interview with the Indianapolis Star, the outspoken Colts owner said the team is not in any hurry to give Luck a new contract despite leading the Colts to the playoffs in each of his first three seasons and an AFC Championship game appearance this past season.
“Not right now,” Irsay said.
“I think that’ll be a focus of next offseason that we’ll address. Andrew still has two years left, and whatever our talks are between Andrew and his people will remain confidential.
“It’s not like we don’t have conversations about a possibility, so to speak, of something. But I really think most likely the scenario is most likely going to be going into the offseason next year is when that second contract will come up. That’s the vision I have right now.”
A three-time Pro Bowler, Luck led the NFL with 40 TDs and finished 3rd in passing yards. Since being drafted No. 1 overall by the Colts in 2012, Luck has set numerous NFL records for production over the first three seasons as QB and has made the Pro Bowl in each of his seasons.
Luck would be a major position of power over the Colts should they choose not to give him an extension in 2016. Theoretically, Luck could play out his contract and allow himself to become a free agent if he feels the Colts are low-balling him. Any team with enough cap space would mortgage anything and everything to acquire a franchise QB like Luck – who has managed to bring the Colts to great success with very limited weapons to work with over the last three years.