The Facts: Luck will probably become the NFL's highest-paid player at some point. But we've not reached that point. Not yet anyway. Colts owner Jim Irsay was pretty unequivocal on Monday when asked at the NFL's owners meetings whether a contract extension for Luck is currently on the table, something that had previously been reported. "Not right now," Irsay said. "I think that'll be a focus of next offseason that we'll address."
Diehards Line: According to Star staffer Stephen Holder, the bottom line where Luck's contract is concerned is this: "As much as the Colts love their franchise quarterback and acknowledge that he is their cornerstone, there is little incentive for the team to extend Luck right now. ..." True story. Luck is entering the fourth year of his rookie contract at $3.404 million and has no significant leverage to demand a new deal. Because Luck was a first-round pick, the Colts have until May 1 to exercise the fifth-year option on his contract, which would essentially lock him up through 2016. Under that scenario, the Colts would not be at risk of losing Luck to another team in the spring of 2016 because they would have him under contract. Meanwhile, the Colts and Luck's representatives could then work toward a new deal without the specter of Luck walking away hanging over the negotiations. And, in a worst-case scenario, if the sides couldn't come to terms, Luck would have the luxury of knowing he would be due more than $16 million in 2016 without doing anything. It all makes perfect sense.