Indianapolis Colts quarterback Andrew Luck, who announced his retirement Saturday, has the potential to lose half a billion dollars.
Colts owner Jim Irsay reports that Luck, 29, is giving up $500 million, according to NFL Network’s Mike Garafolo.
“#Colts owner Jim Irsay says Andrew Luck will lose nearly $500 million in his sudden decision to retire in the NFL. With a QB salary of $35 million a year, Luck can earn. $40 million APY soon, “Garafolo wrote in a tweet this weekend.” Another deal after that maybe over $50 million APY … yeah, that sounds right. “
#Colts owner Jim Irsay references Michael Jordan’s comeback as well as Tiger Woods winning The Masters this year. Notes Andrew Luck will only be 30 years old next year. Says he has to “find his way.” Clearly Irsay is hoping this isn’t the end for Luck.
— Mike Garafolo (@MikeGarafolo) August 25, 2019
Luck earned more than $ 97.1 million in on-field revenue over his seven-year career, according to Spotrac. The Colts star has three years left on his $140 million, six-year deal, which he signed in June 2016.
According to Bleacher Report, Luck is eligible to sign a new deal at age 32 if he decides to play out his current contract. It is believed Luck, who is 30 years old this September, could play for at least another decade, considering players such as Patriots star Tom Brady and New Orleans Saints’ Drew Brees still playing in their 40s.