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Colts work out deal with top draft pick Luck

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The Indianapolis Colts have signed No. 1 overall pick Andrew Luck.

The quarterback's agent and uncle, Will Wilson, confirmed Thursday that the deal had been completed. Luck will get $22.1 million over four years, including a $14.5 million signing bonus, NFL.com said, citing unidentified people with knowledge of the contract.

Colts owner Jim Irsay told reporters in late April he expected Luck's deal would be almost identical to the four-year, $22 million contract last year's top pick, Cam Newton, signed. And the deal came together just a day after another rookie quarterback, Robert Griffin III, signed a four-year deal with the Washington Redskins.

Griffin's fully guaranteed deal is worth $21.1 million, and includes a club option for a fifth year.

Luck, a two-time Heisman Trophy runner-up at Stanford University, will replace Peyton Manning behind center this season.

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  • OMG
    You folks crack me up. How is Irsay paying Andrew Luck more than Peyton? Peyton was due a $28M signing bonus with uncertainty about how he will play. Luck gets $14M up-front and around $5.5M per year. I like the direction the team is going. They are building a TEAM, not just a collection of pieces around a great player. Have some faith.
  • Indy are the losers
    I, quite frankly, do not care, to read anything about the current Colts Administration. They released Peyton Manning, perhaps the greatest quarterback of this decade. Mr. Irsay, and financial supporters, you have destroyed this team, and any immediate future recognition. Maybe, you DO need OxyContin.
  • Indy are the losers
    I, quite frankly, do not care, to read anything about the current Colts Administration. They released Peyton Manning, perhaps the greatest quarterback of this decade. Mr. Irsay, and financial supporters, you have destroyed this team, and any immediate future recognition. Maybe, you DO need OxyContin.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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