Andrew Luck signs Colts contract extension, becomes NFL's highest-paid player

The Jacksonville Jaguars will be facing an Indianapolis Colts team led by Andrew Luck for the foreseeable future.

Andrew Luck has reportedly signed a new five-year deal worth an to replace his current contract with just one year remaining. His new deal is worth $25 million per year for the first three years and slightly less than that for the final two years. For comparison's sake, Blake Bortles' entire four-year rookie contract was worth just $20.6 million, according to Spotrac.

Luck is now the highest paid player in the NFL, supplanting Baltimore Ravens quarterback Joe Flacco who is averaging $22.1 million per year.

On his 5-year extension, #Colts QB Andrew Luck is now the highest paid player in the NFL, source said. Puts him over Joe Flacco's $22.1M.

— Ian Rapoport (@RapSheet) June 29, 2016

#Colts QB Andrew Luck's 5-year extension pays him $75M over the first 3 years, source said. Slightly less over final 2 years.

— Ian Rapoport (@RapSheet) June 29, 2016

With Luck as the starter, the team has reached the playoffs three times in four years, including two division titles and a trip to the AFC Championship Game.