Net Worth Ranker
What Is Andrew Luck’s Net Worth?
Andrew Luck, a retired American football quarterback, has amassed a net worth of approximately $40 million. This figure is largely attributed to his NFL career earnings, supplemented by endorsement deals. While his on-field performance was a significant factor, his early retirement meant forgoing potential future income that could have significantly increased his net worth.
Andrew Luck’s Career Earnings and Contract Details
During his seven seasons in the NFL, Andrew Luck earned just over $97 million in salary alone. A significant portion of this came from his 2016 contract extension with the Indianapolis Colts, a 5-year deal worth $123 million. This contract included a $32 million signing bonus, making him the highest-paid player in the NFL at the time based on average salary.
His rookie contract also included a substantial signing bonus of $14.518 million when he was drafted as the #1 overall pick in 2012. At the peak of his career, Luck’s annual salary reached approximately $24 million.
However, his early retirement in 2019 meant that he left a substantial amount of money on the table. He had three years remaining on his contract, which would have paid him $58.125 million. This included a $9 million salary for the 2019 season, a $6 million roster bonus due shortly after his retirement, $22 million in salary/roster bonus for 2020, and $21 million in salary/roster payments for 2021. The Colts also had the option to reclaim $12.8 million of his signing bonus.
Colts owner Jim Irsay estimated that Andrew Luck gave up $400-$500 million by retiring early, taking into account not only his remaining salary but also potential future contracts and endorsements. Some analysts have suggested that, had Luck continued his career and remained healthy, he could have potentially earned a Russell Wilson-esque contract worth around $225 million over five years.
Between 2016 and 2017, Andrew Luck earned $50 million from salary and endorsements. This income positioned him among the highest-paid athletes globally during that period. Despite this significant wealth, Luck maintained a relatively modest lifestyle.
Andrew Luck’s Early Life and Career Highlights
Andrew Austen Luck was born on September 12, 1989, in Washington, D.C. His father, Oliver Luck, held prominent positions in the football world, including commissioner of the XFL and executive vice president for regulatory affairs at the NCAA. Andrew’s upbringing included time spent in London and Frankfurt due to his father’s career, where he developed a fondness for soccer.
He attended high school in Texas, where he began to distinguish himself as a talented quarterback. Following high school, Luck was recruited by Stanford University, where he played under coaches like Jim Harbaugh and David Shaw. He quickly established himself as one of the most efficient quarterbacks in college football. In his freshman year, he became the starting quarterback, demonstrating immediate skill and leadership.
Despite having the opportunity to enter the NFL Draft in 2011, Luck chose to stay at Stanford to complete his degree in architectural design. After the 2011 season, he received the Academic All-America of the Year award, reflecting his academic accomplishments alongside his athletic achievements. He was known for his intelligence and dedication to both his studies and football career.
Andrew Luck entered the NFL Draft in 2012 as a highly touted prospect. Described as the best quarterback prospect since Peyton Manning, he was drafted by the Indianapolis Colts. In his debut game, he threw a 63-yard touchdown pass. He started every game during his rookie season, leading the Colts to 11 wins, setting a new franchise record. His success continued into 2014, but he sustained a shoulder injury at the beginning of the 2015 season. This injury marked the start of a series of health issues that plagued his career.
He then suffered a lacerated kidney and a partially torn abdominal muscle, sidelining him for the remainder of the 2015 season. During the 2016 season, he suffered a concussion before undergoing surgery on his shoulder. This surgery caused him to miss the entire 2017 season, and he sought additional treatment in Europe. In 2018, Luck returned to the field and had a successful season, earning a spot in the Pro Bowl for the fourth time and winning the National Football League Comeback Player of the Year Award.
Andrew Luck’s Brand Endorsements
Throughout his NFL career, Andrew Luck supplemented his salary with various endorsement deals with major brands. These included partnerships with TD Ameritrade, DirecTV, Panini, Nike, SuperDrink, and BodyArmor. These endorsements contributed significantly to his overall earnings, increasing his financial stability and net worth.
The specific financial terms of these endorsement deals have not been publicly disclosed, but it is evident that these partnerships were lucrative. These endorsements boosted Andrew Luck’s profile, aligning him with brands that catered to a broad audience, including sports enthusiasts and consumers interested in health and financial services.
Details of Andrew Luck’s Contracts
When Andrew Luck was drafted by the Indianapolis Colts as the number-one overall pick, he received a $14.518 million signing bonus. This substantial upfront payment provided immediate financial security. His 2016 contract extension significantly increased his annual earnings and solidified his position as one of the highest-paid players in the NFL.
The 5-year, $123 million contract extension included a $32 million signing bonus. This bonus was paid upfront and contributed significantly to his income in the year the contract was signed. The average annual value of the contract was $24.6 million, making him the highest-paid player in the league at that time. The contract also included various performance-based incentives that could have further increased his earnings had he played out the entire term.
By retiring with three years remaining on his contract, Andrew Luck forfeited significant earnings, including base salaries and roster bonuses. The decision to retire was primarily driven by his persistent injuries, which made it difficult for him to continue playing at the highest level. While the financial implications of his retirement were substantial, he prioritized his long-term health and well-being.
What Andrew Luck Gave Up
At the time of his retirement in August 2019, Andrew Luck was still in the early years of a six-year contract extension he had signed in 2016. The extension was a five-year addition to his existing rookie contract, totaling $139 million. By retiring, Andrew Luck gave up a total of $58.125 million.
This amount included a $9 million base salary for the 2019 season, a $6 million roster bonus that was scheduled to be paid a month after his retirement announcement, $22 million in salary and roster bonuses for 2020, and $21 million in salary and roster payments for 2021. In addition to the forfeited payments, the Colts had the right to request Andrew Luck to return $12.8 million of his original signing bonus money.
If Andrew Luck had chosen to continue his NFL career and overcome his persistent injuries, he could have potentially earned significantly more money. Some analysts estimated that, by the time his contract extension expired, he could have signed another lucrative contract, similar to Russell Wilson’s deal, worth approximately $225 million over five years. This could have meant that Andrew Luck potentially gave up around $275 million in future career earnings by retiring early. This calculation is based solely on salary payments and does not include potential income from brand endorsements.
Colts owner Jim Irsay estimated that Andrew Luck forfeited between $400 and $500 million when he retired, factoring in potential future earnings from brand endorsements and other income streams. Despite the significant financial implications, Andrew Luck chose to prioritize his long-term health and well-being over continued earnings, retiring at the top of his game.
Andrew Luck’s Personal Life and Habits
Despite his substantial earnings and high profile, Andrew Luck has maintained a reputation for being relatively modest and down-to-earth. He has avoided extravagant displays of wealth and has been known to prioritize his personal interests and family life.
After signing a major contract extension, Andrew Luck famously revealed that he purchased a new phone, which was not the latest iPhone but rather a basic flip phone. This decision highlighted his practical nature and lack of interest in material possessions. He also mentioned purchasing a robotic ping pong ball returner because he often struggled to find people to play ping pong with him.
Andrew Luck’s interests extend beyond football. He is known to be an avid reader and a fan of history and architecture. His decision to pursue a degree in architectural design at Stanford University reflects his intellectual curiosity and commitment to personal development. He has also been involved in various philanthropic activities, supporting causes related to education and community development.
During his time in the NFL, Andrew Luck was respected for his leadership skills and his commitment to his teammates. He was known for his work ethic and his ability to inspire those around him. His retirement decision was met with both disappointment and understanding from fans and fellow players, who recognized the toll that injuries had taken on his career. He maintained a low profile after his retirement, focusing on his personal life and family.
Andrew Luck’s commitment to a balanced lifestyle, combined with his significant NFL earnings and brand endorsements, has contributed to his current net worth of approximately $40 million. While his early retirement meant forfeiting potential future income, he has secured his financial future and prioritized his long-term health and well-being.
