ESPN’s Adam Schefter reports that the Colts have been working on the perimeters of a “blockbuster mega deal” contract extension for QB Andrew Luck that would leave him as the highest paid player in the league.
Recent reports indicated that Seahawks QB Russell Wilson could secure a record-setting contract from Seattle at some point in the next few months, so it’s clear that NFL teams are looking to get these contracts out of the way for their franchise quarterbacks.
As of now, Packers QB Aaron Rodgers holds the title as the highest-paid quarterback, with his five-year, $110 million contract that includes $54 million guaranteed and an annual salary of close to $22 million.
Luck is already in the discussion for the best quarterback in the league and is one win away from his first Super Bowl appearance, despite entering the league just three years ago.
Luck, 25, will be entering the final year of his four-year, $22.1 million rookie contract and stands to make a base salary of $3,404,727 for the 2015 season.
In 2014, Luck threw for 4,761 yards while completing 61.7 percent of his passes to go along with 40 touchdowns and 16 interceptions. Pro Football Focus has Luck rated as the No. 9 quarterback out of 39 qualifying players.