INDIANAPOLIS, IN - MAY 4: Andrew Luck #12 of the Indianapolis Colts answers questions from the media following a rookie minicamp at the team facility on May 4, 2012 in Indianapolis, Indiana. (Photo by Joe Robbins/Getty Images)
For weeks prior to him signing, the rumor was that off-set language in the contract was the stumbling block in the negotiations between quarterback Andrew Luck and the Indianapolis Colts. However, when Robert Griffin III signed with the Redskins yesterday, and it was reported (via PFT) that no off-set language was in his contract, that apparently gave Luck the "out" he needed at the negotiating table.
A league source tells PFT that Luck’s camp was waiting for quarterback Robert Griffin III to sign his contract before finalizing Luck’s deal. The strategy makes sense, given that Luck’s agent/uncle is a newbie to the business. If Luck does a deal at No. 1 and Griffin emerges with better terms at No. 2, Luck’s agent/uncle would be more uncle than agent, sooner rather than later.
The source also tells PFT that the Colts had been insisting on the use of offset language as to Luck’s guarantee. Now that Luck has obtained a deal without it (and given that the first overall pick in 2011, Cam Newton, has no offset language in his deal), Luck has good reason to continue to dig in — and the Colts can blink, and blame it all on the Redskins.
With Luck now signed, we're getting more information on Luck's contract, per the Indianapolis Business Journal:
Colts sign QB Andrew Luck to a 4-year $22 million deal.— IBJ The Score (@IBJTheScore) July 19, 2012
QB Robert Griffin III was signed by the Washington Redskins on Wednesday. Griffin's four-year contract is worth $21.1 million.— IBJ The Score (@IBJTheScore) July 19, 2012
We don't know what the guaranteed money is, yet. However, as per the rookie wage scale in the most recent collective bargaining agreement, Luck makes slightly more than Griffin because Luck went No. 1 overall in the 2012 NFL Draft and Griffin went No. 2.