Colts reportedly offered Andrew Luck a 10-year deal

The Indianapolis Colts are closing in on a block buster deal with quarterback Andrew Luck with both sides inching closer to signing the contract within the next two months.

Andrew Luck is about to be a very rich man as the Colts are intent on locking up the talented young quarterback for the rest of his career. So intent that they reportedly offered Luck a 10-year contract that would have effectively kept him in Indianapolis for the rest of his career.

Per a report by NFL.com’s Ian Rapoport, team owner Jim Irsay started out with a 10-year deal on the table, but came off it fairly quickly.

"Colts owner Jim Irsay, meanwhile, told WISH-TV in Indianapolis in February that Luck’s deal would be “shocking.” It appears he was referring to both term and overall dollar figure. Irsay, sources say, originally wanted Luck under contract for 10 years — essentially a lifetime contract that would be a rarity in the NFL. Once the organization came off that offer and settled on a more realistic five-or-six-year offer, the gap closed."

The past four seasons have almost completely relied on Luck’s heroics to be successful. This team is possibly more reliant on Luck than they ever were during the Peyton Manning years. So it comes as no surprise that the Colts would want to keep Luck in Indy for as long as possible. No one wants to see the Colts end up like the Browns, desperately going from one mediocre player to another and sitting in the bottom third of the NFL.

For Luck, there is no reason he would want to sign a 10-year deal. He’s set to make as much as $25 million per year with his next contract. But that deal will be exceeded by some other quarterback, so in five years time Luck could be looking at even more per year.

Irsay said he wanted a deal with Luck by July, removing a potential distraction before the season even begins. It sounds like both sides are in agreement on that point and a deal seems likely in the coming weeks.