Andrew Luck Signs (Merged)

[shakedownstreet]

***** got paid!

[Superman]

 

[RockThatBlue]

Andrew is seeing a lot of money signs right now.

[GoColts8818]

Dinner on Andrew Luck 4 Life

[Mr. Irrelevant]

I guess Lucks kids can grow up and go to a half decent college now!

[crazycolt1]

2 minutes ago, RockThatBlue said:

Andrew is seeing a lot of money signs right now.

Maybe he can get rid of the flip phone? --I know, old joke.

[NewColtsFan]

 

 

Stampede Blue has numbers....    somewhat revised....

 

Just click, scroll and read.....

 

 

http://www.stampedeblue.com/2016/6/29/12061008/andrew-luck-signs-contract-extension

[loudnproudcolt]

Depending on how it is structured of course, and it will be front loaded, he will be at about 16% of cap this year, and we have ample space, so they may cap him out at more than 25M this year, and then he will start dropping due to cap going up. In 17 his cap number should fall to around 13.5%, and will fall each year after.

 

Whenever I read articles from agents and cap people, they say an elite QB should be about 13% of your cap each year. From the early reports, sounds like it is a good deal for both sides, and as the cap grows, it will look better each year for us. Glad we have the cap space to front load this year and next. Good move, 

incredible guaranteed money.

 

Next on board is Eli and Phillip Rivers, and Big Ben in a year. Wonder what they will get.

[Superman]

LOLOL

 

 

[crazycolt1]

Pretty much most of us knew it was going to be big if not the biggest in the NFL. Not surprising at all. It least its done and time to move on to the start of the season.

[ColtsBlueFL]

8 minutes ago, Superman said:

From Reddit: Colts fans right now 

 

LOL!

 

 

Which was payback, for this!  VVV

 

 

[deedub75]

41 minutes ago, csmopar said:

5 years, 123 mill is my guess, say 50 to 75 mil in guarantees

E. Manning and Rivers have $65M guaranteed already....

[BullsColtsFan1]

Good for you Andrew!  I am glad he's locked up until 2021!  I can't wait til the season starts!

[deedub75]

Did Irsay have to throw in Prince's guitar?

[Valpo2004]

37 minutes ago, deedub75 said:

Did Irsay have to throw in Prince's guitar?

 

Somehow I think he'd likely rather trade Andrew Luck for a 7th round pick then hand over that guitar.  

[deedub75]

$87M guaranteed!!!  Wow!!

[Boiler_Colt]

[AZColt11]

I think this is an outstanding deal for the Colts.  Yes, it may look heavy right now, but keep in mind in about 4 years the average for a QB of his caliber will be north of $26-27 per year.  They are going to get him for another 1-2 years well under his value.  And if he really is what the Colts THINK he is, he will be worth even more than that figure.  All they really did here is take Flacco's deal that was signed a few years ago and give him slightly more, but well more in guaranteed money.  Good job Colts!

[deedub75]

4 minutes ago, Boiler_Colt said:

 

More like this?

 

 

[HorseFly]

So....Does that mean he can afford to get rid of the flip phone?

[JColts72]

Now to produce at least 1 super bowl win. 

[Superman]

Albert Breer w details:

 

[Coffeedrinker]

Good for Luck and the Colts.

 

And to think, when Roger Staubach played he started selling houses in the off season because he didn't make enough playing football to get him through the year.

[Superman]

Based on Breer's tweets, I'm going to assume the cap hits through 2018:

 

Signing bonus of $32m gets divided over the first five years of the contract, $6.4m/year. 

2016: SB $6.4m + salary $12m = cap hit $18.4m

2017: SB $6.4m + salary $16m = cap hit $22.4m

2018: SB $6.4m + salary $21m = cap hit $27.4m

2019: additional $6m salary is guaranteed, no way to project further cap hits

 

This could all be wrong. I'm assuming that Breer's reporting of rolling guarantees means that he's adding each year's base salary. There could be option/roster bonuses in there as well. 

[tvturner]

 

[csmopar]

1 hour ago, Jason_S said:

 

csmopar didn't get that memo (I've been waiting for someone to prove you wrong...it actually took longer than I expected lol)

I did that on purpose. Just to prove him wrong lol

[OffensivelyPC]

Good heavens.  $87 million!  Glad we finally locked him up.

[Superman]

I don't know how Schefter has this, but:

 

 

So my breakdown is wrong in substance. Don't know how it affects the cap hits. 2016 is probably right, 2017 could be less, but there's probably an option/roster bonus in there.

[Superman]

They've reported $75m paid out in the first three years. The $32m signing bonus plus the salaries of $12m, $7m and $12m equals $63m. So there's $12m that we don't know how to account for at this point. I'm gonna say there's a $9m option/roster bonus in 2017, and I think the guarantees roll one year in advance, at least partially.

[Cynjin]

37 minutes ago, HorseFly said:

So....Does that mean he can afford to get rid of the flip phone?

 

Why would you want to get rid of a flip phone?

[Cynjin]

12 minutes ago, Superman said:

I don't know how Schefter has this, but:

 

 

So my breakdown is wrong in substance. Don't know how it affects the cap hits. 2016 is probably right, 2017 could be less, but there's probably an option/roster bonus in there.

 

With the rolling bonuses, is the $87 million fully guaranteed? 

[NorthernBlue]

I love all the non colts fans saying "He's overpaid" and "he's overrated". That's literally what everyone was saying about Cam and Russ when they signed their new deals

[ColtStrong]

In 3 years, Luck's contract will seem like a bargain. Not unhappy with it.

 

I'm pumped for this upcoming season, but then again, I'm always pumped to watch my Colts!

[a06cc]

I honestly thought this wouldn't get done until after the season. I thought both sides would agree on a "prove it" bases. Glad it's done now though. Happy for both sides. Now let's with that Super Bowl!

[Superman]

19 minutes ago, Cynjin said:

 

With the rolling bonuses, is the $87 million fully guaranteed? 

 

Nope, guaranteed for injury. The full guarantees reach $87m gradually.

[masterlock]

2 hours ago, jvan1973 said:

Why?

Exactly. WHY?

[Superman]

http://www.spotrac.com/nfl/indianapolis-colts/andrew-luck/

 

Very cash flow friendly, especially when funding the future guarantees.

[csmopar]

2 minutes ago, Superman said:

http://www.spotrac.com/nfl/indianapolis-colts/andrew-luck/

 

Very cash flow friendly, especially when funding the future guarantees.

So would you classify this as a team friendly deal despite the large numbers?

[bayone]

alot of $$$$$$$$  but we all knew it was just a matter of time 

[BOTT]

It will a couple  days before someone here starts worrying about how his next contract will hamper the team.