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 Íàïèñàíå: ïîíåä³ëîê ÷åðâíÿ 05, 2023 10:01 am Òåìà ïîâ³äîìëåííÿ: Andrew Luck Colts reach settlement after |
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After making the on Saturday, there was a chance that would have to write a gigantic check Miguel Sano Jersey to the . But that won't be happening, as the team and quarterback have reached a settlement in which the Colts will not take back any money they are owed, according to ESPN.com's Adam Schefter. Despite the fact that they could have recouped $24.8 million from their former QB, the Colts already have reached a financial settlement with Andrew Luck in which they will not take back any of the money they are owed, league sources tell ESPN. Adam Schefter (@AdamSchefter) Under the terms of the , the Colts were allowed to ask Luck to pay back any portion of Erick Aybar Jersey his signing bonus that's part of their future salary cap. When Luck signed his latest five-year extension , the deal included a $32 million signing bonus that was prorated out to a cap hit of $6.4 million per year over the five year duration of the contract.Since Luck won't be on the field for the final two years that his bonus was pro-rated, that means the Colts were allowed to ask for that money back. Basically, this means if the Colts did want the money then Luck would have had to write them a check for $12.8 million.According to , the Colts could also have gone after Luck's 2019 roster bonus of $12 million that was paid out in March. If the Colts decided to go after all the money they're allowed to recoup under the CBA, that means Luck would have had to write them a check for $24.8 million. Luck earned just over $97 million during his seven-year career.Although it's unclear what the Colts will do, this same situation is what led to a falling out between the and . The Lions made Megatron of Michael Pineda Jersey his signing bonus, which Pro Bowl receiver.Besides the $24.8 million in bonus money, Luck might have also lost out on up to $500 million in future earnings, at least that's the estimate from Colts owner Jim Irsay. "It's a tough thing, look it, he's ," Irsay said Saturday night. "I mean, a half a billion dollars, and he's saying, 'you know what, I want to have my integrity. I have to be able to look T.Y. Hilton in the eye, look my teammates, look coach Frank Reich , look Chris Ballard and say, 'I'm all in,' and he just didn't feel he could do that."If you're wondering how Irsay came up with $500 million, it's pretty simple. Luck still has three years and roughly $65 million left on his current contract, Zach Duke Jersey which was set to expire after the 2021 season. If Luck then scored two more big contracts over the course of his career, which would have been completely po sible if he played until he was 40, he would have just had to score a deal worth Phil Hughes Jersey roughly $40 million per season over the final 10 years of his career (That might sound like an absurdly high number, but it won't after gets his new deal. The quarterback will almost in his new deal and Luck's next contract would have come after that).By walking away from football, Luck is walking away from nearly a half a billion dollars, but in the end, that doesn't really matter as long as with his decision.
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