The full Andrew Luck contract

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Colts quarterback Andrew Luck would have made $16.155 million in 2016, the last year of his rookie deal. He traded it in for a six-year, $140 million contract.

But those broad numbers never tell the whole story, unless and until a contract like that is fully guaranteed.  PFT has obtained a copy of the Luck’s entire contract, and here’s the breakdown:

1. Signing bonus of $32 million, with $18 million paid in the next 10 days and the remaining $14 million paid on March 31, 2017;

2. Base salary of $12 million in 2016, fully guaranteed at signing;

3. $3 million roster bonus earned on the fifth day of the 2017 league year and paid on March 20, 2017, which is guaranteed for skill and injury, and conditionally guaranteed for salary cap (but as a practical matter fully guaranteed);

4. $3 million roster bonus earned on the fifth day of the 2017 league year and paid on September 18, 2017, which is guaranteed for injury only at signing;

5. $7 million base salary for 2017, guaranteed for injury only at signing and fully guaranteed as of the fifth day of the 2017 league year;

6. $3 million roster bonus earned on the fifth day of the 2018 league year and paid on March 20, 2018, which is guaranteed for injury at signing and fully guaranteed as of the fifth day of the 2017 league year;

7. $3 million roster bonus earned on the fifth day of the 2018 league year and paid on September 18, 2018, which is guaranteed for injury only at signing;

8. $12 million base salary for 2018, which is guaranteed for injury only at signing but which becomes fully guaranteed on the fifth day of the 2018 league year;

9. $6 million roster bonus earned on the fifth day of the 2019 league year and paid on March 18, 2019, which is guaranteed for injury at signing and fully guaranteed as of the fifth day of the 2018 league year;

10. $6 million roster bonus earned on the fifth day of the 2019 league year and paid on September 17, 2019, which is guaranteed for injury at signing;

11. $9.125 million base salary for 2019, non-guaranteed;

12. $11 million roster bonus due on the third day of the 2020 league year, with half paid on September 15, 2020 and the other half paid on December 15, 2020;

13. $11 million base salary for 2020, non-guaranteed;

14. $10 million roster bonus due on the fifth day of the 2021 league year, with half paid on September 14, 2021 and the other half paid on December 14, 2020; and

15. $11 million base salary for 2021, non-guaranteed.

That’s a total of six years, $139.125 million, with $44 million fully guaranteed at signing (as a practical matter, it’s $47 million; technically, it’s $44 million at signing). Another $16 million becomes fully guaranteed, as a practical matter, as of the fifth day of the 2017 league year.

At signing, $87 million is guaranteed for injury.

The cash flow breaks down like this: $44 million in 2017; $57 million through 2018; $75 million through 2018; $96.125 million through 2019; $118.125 million through 2020; $139.125 million through 2021.

It’s an average value of $23.1875 million per year, with $24.594 million per year in so-called “new money.”

The cap numbers are: (1) $18.4 million in 2016; (2) $19.4 million in 2017; (3) $24.4 million in 2018; (4) $27.525 million in 2019; (5) $28.4 million in 2020; and (6) $21 million in 2021.

63 responses to “The full Andrew Luck contract

  1. 16. Mr. Luck shall travel only by Gulfstream-V or better, and shall be permitted to make a private transcription of all speeches, the contents of which shall not be shared.

  2. I’m not breaking any news here. He simply isn’t worth it and isn’t worth even close to these numbers.

    But it is what it is. I only hope there is a provision in his contract that requires him to shave his face every day until he dies. That beard is as pathetic and gross just as his abilities on the field.

  3. 16. $58,000 Bulgarian neck beard lotion

    17. $76,000 organic Chilean neck beard scarves

    18. $48,000 designer outfits for dog

    19. $31,000 shiny glove for right hand

    20. $50,000 White Ford Bronco

    21. $35,000 100% Brazilian hair

  4. Well, I guess that precludes any chance of getting a true top tier defense in the Luck era.

    Trivia question: has anyone else signed a contract close to this good after a year as bad as his in 2015?

    Didn’t think so.

  5. With how the prices are increasing for attending games to support these salaries, DirecTV Sunday Ticket is starting to look like a good deal…..

  6. .44 MILLION dollars. …lets put that number in perspective. The average person breaths in and out 15 times a minute. ..900 breaths a hour…21,600 breaths a day. $44,00000.00 divided by 1 days worth of breathing…AND you can stay alive for close to 5 1/2 Years!. Thats a damn good contract you got there Luck.

  7. Serious omission – a bowl full of M&Ms with all the brown ones removed in his locker after every game….

  8. Talk about overpaying. Even Aaron Rodgers should get more money than this clown.

    I guess no more “Luck is in the air” commercials….thankfully.

  9. Luck seemed to struggle last season now that the NFL is testing PSI in footballs.

    I wonder why?

  10. This will be relevant once Andrew Luck is suspended for 4 games, team docked 3 draft picks and $1MM for their contribution towards “deflategate”. If someone with actual intellect brings up why 3 out of 4 footballs were out of compliance on the Colts side of the field, this doesn’t matter. What is good for the goose is good for the gander.

  11. The Colts should have spent some of that $$$ for a couple of offensive linemen so he doesn’t get injured again …

  12. Ludicrous coin for a guy who’d go #2 overall behind Russell Wilson if the 2012 draft were done over today and who has more “potential” than actual performance.

  13. Everyone always complains about the players making so much. I think of it differently. They are regular joes taking money from billionaires. Don’t be jealous, be proud they found a way to take from the elite who take from us.

  14. dstroi says:

    This will be relevant once Andrew Luck is suspended for 4 games, team docked 3 draft picks and $1MM for their contribution towards “deflategate”. If someone with actual intellect brings up why 3 out of 4 footballs were out of compliance on the Colts side of the field, this doesn’t matter. What is good for the goose is good for the gander.
    ———————————————————-
    The Colts footballs were in compliance with the regulations. Only the patriots were not.

  15. remembertheagenda says:
    Jun 29, 2016 5:54 PM
    Well, I guess that precludes any chance of getting a true top tier defense in the Luck era. Trivia question: has anyone else signed a contract close to this good after a year as bad as his in 2015?
    ——————–
    Kind of: Luck’s is $140M for 6yrs, whilst Flacco got a 3-yr extension for just under half that ($66M) despite the Ravens 5-11 last yr. In terms of total QBR Luck was 25th and Flacco 32nd in the league last yr. And I agree with your forecast – look at the Saints, who’ve gone exactly .500 (33-33, inc 1-1 playoffs) since Brees’ at-the-time record-breaking contract. Its tough to build a top team around a highly-paid QB.

  16. And will not sniff a Superbowl for 4 years after Brady retires. Then he will restructure.

    I see no more than 1 SB win in 10 years for this guy.

  17. key here 87 million no matter how badly beaten to a pulp he gets behind the worst offensive line in football and no running game

  18. For any and all who say he is not “worth it”…

    He is absolutely worth it as long as the NFL TV Contracts create a market value that warrants paying this.

    He is an employee…The Colts can pay his salary and still make a huge profit…

    That is the definition of “worth it”

    Plus he will get at least 1 Super Bowl Win and will more than likely be a HOF.

  19. Plus he will get at least 1 Super Bowl Win and will more than likely be a HOF.

    There is absolutely ZERO indication from Luck’s play to date that either of these things will happen, but but how’s the weather in Indy these days?

  20. That is alot of money for Luck. Good for him. I hope he does well.

    My only concern is wrapping so much money up in the QB position which hurts other positions.

  21. Came in the same year as Russell Wilson. Not saying Wilson is better but I’m glad we got Wilson. Wilson was underpaid the first 3 years and overpaid now. That being said his contract is looking pretty good for the Seahawks again. They have a contending team all under contract. The colts on the other hand might have a slightly better QB but they have an AFC south winning team and one and done in the playoffs.

  22. I don’t understand Irsay taking pride in making him the highest paid quarterback. Luck should have taken a look at Drew Brees to see how having really high cap hits make it tough for the team to have other good players around you.

  23. 16. The Commish promises to never suspend Luck for cheating by playing the AFCCG with illegal, under-inflated footballs (despite the fact that it was more probable than not that he was generally aware of them being illegal).
    17. Luck always gets a participation trophy.

  24. Thank god for the Jets and Colts, providing laughs for everyone year in and year out!

    ==================================
    The Colts have made the playoffs 11/13 years won1/2 Super Bowls. The 2 years they didn’t make it their QB was hurt.

    Not many teams can better this and The New Lying Taintriots don’t count because they were caught cheating twice with major violations and punished severely.

    Now come with the hate and we’re jealous trolls and there was no evidence of cheating posts and the league engineered the evidence. I can’t wait because every time I read one of your posts I have a good laugh. Don’t let me down. The Cheats and their fans are the laughing stock of the league.

  25. The Colts are coming off a disappointing 8-8 season. Disappointing? 8-8? Wow, lots of teams would take that record, but for the Colts it was a disappointment. Why? Because at this time a year ago, many people were picking The Colts to go a heck of a lot further. Some were picking them to win it all. Andrew Luck was regarded by many football experts as the number one player in the NFL. He’s been rewarded with a nice contract. He’s a Stanford educated intellectual. Could have signed with anyone he wanted to sign with. He chose the Colts. That tells me a lot about the organization. Guys like Frank Gore say great things about the Colts organization. I guess we really shouldn’t believe everything we read in the paper, huh?

  26. Knew it was coming but geez it sure makes Russell Wilson’s contract look good. Any Seahawks fan who has actually watched every week knows the magic of Russell and how LUCKY we are.

    How is lucks spleen or whatever? Russell hasn’t even missed one practice in his career let alone a game. Graham goes down, lynch goes down, Rawls goes down, everyone is going down around him but there is Russell leading the huddle on Monday again…it is remarkable really.

    Here is to NO injuries this year so we can compare stats again. Last year was a real bummer for luck. Russell set some records… It wasn’t even close.

  27. Omagalh you think the billionaires are losing money by giving these contracts to avg players? You must totally ignorant of the economics involved in running and owning an NFL team trust me fool the owners are making way more in a year then luck will ever earn. Take an economics and finance course before you post next time pft. You just sound so ignorant.

  28. Unbelievable that all this money is guaranteed with no provisions for actually winning.

    $140mm which can’t go to shoring up other positions? The PATS thank you.

  29. remembertheagenda says:
    Jun 29, 2016 5:54 PM
    Well, I guess that precludes any chance of getting a true top tier defense in the Luck era. Trivia question: has anyone else signed a contract close to this good after a year as bad as his in 2015?
    ——————–

    Not like they were going to field one with their front office anyways…

    Im actually surprised they got him at such a bargain I thought 25 mil was going to be the starting point, and the gtd money seems to be awfully low.

  30. Great, now he can afford a good barber shop and do his beard, some people look wise with it, others look interesting and even good looking,
    He looks like a mix of a homeless dud with an old farmer.
    Do yourself a favor and take it out.

  31. dstroi says:

    This will be relevant once Andrew Luck is suspended for 4 games, team docked 3 draft picks and $1MM for their contribution towards “deflategate”. If someone with actual intellect brings up why 3 out of 4 footballs were out of compliance on the Colts side of the field, this doesn’t matter. What is good for the goose is good for the gander.
    ———————————————————-
    The Colts footballs were in compliance with the regulations. Only the patriots were not.
    ———————————————

    LOL, no. 3 of the 4 Colts balls were underinflated as well. Look it up before you start running your mouth about things you don’t understand.

  32. 2014: 4700 yards, 40/16 td-int, 96.5 rating. Year before, 3800, 23/9, 87. Not saying he is worth the money, but i doubt many people were calling him a bust after 2015.

  33. The number to look at is the guaranteed amount. Overthecap gives that number as $47 million which is second only to the 54 million that Aaron Rodgers got.
    Luck is slightly ahead of Joe Flacco (who IMO is truly overpaid at 44 million guaranteed), Matt Ryan, Tony Romo and Drew Brees. All of them are over 40 million guaranteed.

    Russell Wilson (31.7 million guaranteed) and Tom Brady (28 million) are way down the list.

    And right after Mr. Brady (who whatever you think of his is a HOF QB) come Jared Goff and Carson Wentz who as rookies are getting around 27 million.

    So yes Luck got paid very well but after carrying the Indianapolis Colts from 12-14 and specially after the punishment he took last year he deserves it.

    Have more of an issue with two rookies that has not played a down being guaranteed 27 million than with Luck getting 47.

    Hope Irsay has some money left for an OL. Luck will do a lot better if he gets 3 seconds with a clean pocket.

    Source for the numbers is Overthecap

  34. Not worth it, a SOLID qb, but what are you really paying for? 1st year in playoffs he had 0 tds and 1 int (rookie yr tho), 2nd yr in two playoff games he had 6 td’s and 7 interceptions (again- TWO games), third year he played 3 playoff games which included 3 td’s and 4 int’s. He has yet to have a post season with having as many td’s as int’s (let alone more td’s than int’s) and then last year no playoffs. Against the Pats in 2014 his rating was 23. How can you justify 140 million for that money? makes me think Flacco was UNDERPAID!

  35. seahawkboymike says:
    Jun 29, 2016 7:06 PM
    The Colts footballs were in compliance with the regulations. Only the patriots were not.
    =============================

    Not looking for a big drawn out thing here, since its a bit off topic, but how exactly were the Colts in compliance???

    Patriots footballs measured below 12.5 psi = out of compliance. How much below and how they got below is irrelevant for this, I simply agree that they were out of compliance.

    The Officials measured only 4 of the Colts balls, and 3 out of 4 (75%) measured below 12.5 psi. Again, how they got to be below the required air pressure standard is irrelevant, but why are their non compliant footballs compliant?

    Below 12.5 is below 12.5, which means they are non compliant. I simply don’t get your argument. Other than, “the Patriots were punished because they are the Patriots, and the Colts got a pass because they are the Colts”. I’m dying to know how below 12.5 is only out of compliance if you are the Patriots.

  36. Say what you want about Luck’s play last season, he beat a team that Brady couldn’t beat in two attempts.

  37. Any rational person looks at this and smh… I guess many here will ask their bosses for a new contract now because they had excuses before and why they sucked, but have ‘potential’…

    “just give me a few years, you’ll see boss, I will be sooo much better, and if not, hey, at least I participated”…

    with this kind of legal gambling, who needs betting rules?

  38. seahawkboymike says:
    Jun 29, 2016 7:06 PM

    dstroi says:

    This will be relevant once Andrew Luck is suspended for 4 games, team docked 3 draft picks and $1MM for their contribution towards “deflategate”. If someone with actual intellect brings up why 3 out of 4 footballs were out of compliance on the Colts side of the field, this doesn’t matter. What is good for the goose is good for the gander.
    ———————————————————-
    The Colts footballs were in compliance with the regulations. Only the patriots were not.
    _____________________________
    You sir are incorrect 3 of the 4 footballs belonging to the Colt were underinflated and also tested after the Patriots footballs so they had time at room temperature.

  39. boca12 says:
    Jun 30, 2016 9:17 AM
    Any rational person looks at this and smh… I guess many here will ask their bosses for a new contract now because they had excuses before and why they sucked, but have ‘potential’…
    —————————

    And still he is paid about the same as a 5th starter in baseball or a 6th man in basketball, yet less guaranteed. This guy is a QB, and even if he’s not elite he’s one of the top 30 most important players in his sport.

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