Six weeks after owner Jim Irsay pronounced the Colts and their first-round draft pick were “close” to agreement on contract terms, Andrew Luck is finally, officially, an Indianapolis Colt.
The former Stanford quarterback has signed a fully guaranteed four-year contract a source with the team told the Star this afternoon.
The precise value of the deal was not immediately available but the NFL’s rookie salary scale dictates that it closely resemble that signed by Luck’s predecessor as the first pick in the draft, Carolina Panthers quarterback Cam Newton.
Newton signed for $22.05 million with a signing bonus of $14.5 million last year.
Luck was not available for comment.
With Luck under contract, he is free to report to a three-day rookie training camp prior to the Colts’ team-wide July 28 reporting date and the Colts have only two of their 10 draft choices to sign. They are Stanford tight end Coby Fleener, a second-round pick, and Clemson tight end Dwayne Allen, a third-round selection.
Luck participated in the Colts’ rookie minicamp in May and their mandatory minicamp last month, but in between, he missed all 10 of the club’s organized team activities while completing degree requirements at Stanford.
He is spending most of his summer in Indianapolis, working on his own with teammates.
Luck was runner-up in Heisman Trophy voting each of the past two years. He completed 288-of-404 passes (71.3 percent) for 3,517 yards and 37 touchdowns with 10 interceptions as a red-shirt junior last season.
Luck won the Walter Camp Football Foundation Player of the Year award, the
Maxwell Trophy as college football’s top player and the Johnny Unitas Golden Arm Trophy as its top quarterback.