Jim Irsay Hoping Andrew Luck’s Extension Will Be Somewhat “Colt-Friendly”

Colts owner Jim Irsay told reporters on Wednesday they’re hoping to sign QB Andrew Luck to a somewhat “Colt-friendly” contract, even though it’s obviously going to be a massive contract.

“It’s not easy. It’s obviously going to be a big number,” Irsay said, via the Indianapolis Star. However, “we want to make sure the contract is something that’s Colt-friendly as we approach even the next decade.”

According to Irsay, both sides have been willing to compromise on the deal, and it appears as though an agreement could be in place at some point before training camp.

“I think there’s been a really good element of compromise (from) both sides,” Irsay said. “Look, we went into it knowing that this is going to be a big contract and a big deal and all those things. We didn’t hide any cards that way. I think there’s been compromise on both sides. I would be surprised if we don’t have something done before training camp.”

A report mentioned yesterday that Irsay was interested in signing Luck to a 10-year contract. However, Irsay downplayed the report.

“We didn’t get down that lane,” Irsay said. “That wouldn’t be accurate. That would be a reach and it would be hard to predict that far down the track. We weren’t aiming in that direction and they didn’t volunteer to.”

Last year, Luck dealt with shoulder injuries as well as a lacerated kidney that led to him appearing in just seven games. However, all indications are that this won’t have a major impact on contract talks with the Colts.

Luck, 26, was taken with the No. 1 overall pick back in 2012. He played out the final year of his four-year, $22.1 million rookie contract before the Colts picked up his fifth-year option that will pay him a salary of $16.155 million for the 2016 season.

In 2015, Luck completed 55.3 percent of his passes to go along with 1,881 yards, 15 touchdowns and 12 interceptions over the course of seven games. Pro Football Focus has him rated as the No. 35 quarterback out of 37 qualifying players.

We’ll have more regarding a long-term extension for Luck as the news is available.