“I am thrilled and excited to continue with this great organization,” Luck said in a statement. “I am thankful to the Irsay family and Mr [Jim] Irsay for providing me with this great opportunity and the trust that they’ve shown in me. I can’t wait for this season to start.”
The deal is thought to be worth about $140m, according to NFL Media Insider Ian Rapoport, who said the deal will top Joe Flacco’s average salary of $22.1m. Rapoport said Luck’s six-year contract will pay him $75m over the first three years of the deal and slightly less over the final three.
Luck, the No1 overall pick in 2012, enjoyed a successful start to his career in Indianapolis, and led the team to the playoffs in each of his first three seasons, including the AFC championship game in 2014 and back-to-back AFC South titles.
But he struggled last year, and his season was ended in week nine after suffering a kidney injury against the Broncos. He also missed two early starts with a shoulder injury, and completed just 55.3% of his pass attempts while committing 13 turnovers in 2015. His 74.9 quarterback rating put him in the bottom of regular starters in the NFL.
Irsay, the Colts owner, had said he hoped and expected this agreement would be done by the Fourth of July holiday. The Colts report to training camp on 26 July.
“This is an exciting day for the organization and Colts fans around the globe,” Irsay said. “Andrew is the consummate professional, possesses extraordinary talent and is our leader on and off the field. When you consider what this team has accomplished in four seasons with Andrew under center, you cannot help but be thrilled about the future.”
This article was written by Guardian sport, for theguardian.com on Wednesday 29th June 2016 21.22 Europe/Londonguardian.co.uk © Guardian News and Media Limited 2010