The Facts: Colts owner Jim Irsay invited a few reporters to join him on the yacht that's serving as his home base during the league meetings in Boca Raton, Florida on Tuesday and the topic of quarterback Andrew Luck's extension came up for discussion. Luck is in the final year of his rookie contract and Irsay said that he'd like to have what he expects will be a "shocking" deal completed by July 4.

Diehards Line: As PFT notes, there are 10 quarterbacks in the league right now averaging at least $20 million a year and Luck should make that group bigger when and if he agrees to a deal with the Colts. There’s a chance it could wind up setting a new high water mark for quarterbacks in terms of total and guaranteed money as well, which would be reason for some fireworks.