Report: Indianapolis Colts, Andrew Luck Reach Agreement On Contract Extension Through 2021

Colts quarterback Andrew Luck, who might as well be the bane of my existence, has agreed to a monumental five-year extension to stay in Indianapolis for the foreseeable future.

Andrew has signed through 2021

— Jim Irsay (@JimIrsay) June 29, 2016

Luck placed fourth on our list of the top five offensive players that Houston will have to face next season despite having a down year in 2015. Riddled with injuries and plagued by uncharacteristically poor decision-making, some thought that Luck's disappointing campaign last season would hurt his value if he tried to negotiate a new contract right now. Judging from the numbers that NFL Media's Ian Rapoport just released, those people would prove to be very, very wrong.

#Colts QB Andrew Luck's 5-year extension pays him $75M over the first 3 years, source said. Slightly less over final 2 years.

— Ian Rapoport (@RapSheet) June 29, 2016

Congratulations to Luck on a contract well-earned. I still hate his guts, but the guy certainly deserves his money.

UPDATE: Wow.

For clarity's sake: Andrew Luck signed a new 6-year deal, rather than a 5-year extension to add on to his old deal (1 yr, $16.2M left).

— Ian Rapoport (@RapSheet) June 29, 2016

#Colts QB Andrew Luck signed a 6-year deal worth $140M, owner Jim Irsay said. $25M per year in the first 3 years. Monster deal.

— Ian Rapoport (@RapSheet) June 29, 2016