Despite the fact that they could have recouped $24.8 million from their former quarterback, the Indianapolis Colts have reached a financial settlement with Andrew Luck and will not take back any of the money they are owed, league sources tell ESPN.
The Colts essentially are telling Luck to keep it all, even though it is within their rights to reclaim the money.
The settlement was reached late last week, according to a source familiar with the talks.
Luck could have owed the Colts $12.8 million as a pro-rated portion of the $32 million signing bonus the Colts gave him when he signed his five-year extension in 2016, and another $12 million in roster bonuses he was paid in March.