Some have said that yes.
But as overthecap.com said his pay is not a "position buster"
If the Colts told Luck to walk and that they where not paying him, I'm guessing 5 teams would offer him the contract the Colts gave him or better.
Crap, Osweiller got 72 mil for like 5 decent games playing for the SB champs.
The Colts may just get healthy enough to make a little run here in the next few weeks, (and ruin the prospect of that top ten draft pick that the underwhelming season was at least giving hope to...)