According to Adam Schefter, the Indianapolis Colts have reached a financial settlement with former quarterback Andrew Luck in the wake of his sudden retirement Saturday night. Per Schefter, the Colts will not be touching his signing bonus.
“Luck could have owed the Colts $12.8 million as a pro-rated portion of the $32 million signing bonus,” Schefter wrote.
But owner Jim Irsay decided to waive that additional money and let Luck retire with that signing bonus still in pocket.
So why is this on a Detroit Lions blog? Well, it runs in stark contrast to how the Detroit Lions responded to Calvin Johnson’s retirement in 2016. The Lions demanded Johnson return at least $1 million of the $3.2 million prorated signing bonus the Lions were contractually permitted to reclaim.
There are some things that make the situations a little different. Johnson clearly had other issues with the team, while Luck had a very amicable break, according his press conference Saturday night. The Lions, too, were dealing with a change in general manager at the time.
But considering Luck’s retirement was a lot more sudden than Johnson’s and put the Colts in a much more precarious situation given how late his decision came, you have to really wonder if the Lions made the right move with Johnson.