Andrew Luck signed a new deal. Schefter and RapSheet disagree on whether its a 5 year extension or a new 6 year deal. But here are the particulars:

Ian Rapoport ‏@RapSheet 4m4 minutes ago
More Andrew Luck numbers: $87M in guarantees... $60M fully guaranteed by Mar. of 2017, $81M by 3/18, $87M fully guaranteed by 3/19

Ian Rapoport ‏@RapSheet 58m58 minutes ago
#Colts QB Andrew Luck's 5-year extension pays him $75M over the first 3 years, source said. Slightly less over final 2 years.

Adam Schefter ‏@AdamSchefter 21m21 minutes ago
And one of the best parts of the deal for Andrew Luck. Scheduled to be a free agent again at 32. Another big bite of the apple awaits.

DOUBT IT. HE IS ALREADY TAKING AN INCREDIBLE BEATING.

Adam Schefter ‏@AdamSchefter 30m30 minutes ago
Before today, richest guarantees were $65 million given to Eli Manning and Philip Rivers. Colts gave Andrew Luck $87 million in guarantees.

Adam Schefter ‏@AdamSchefter 32m32 minutes ago
Details on Andrew Luck deal:
5-year extension (6-year deal).
Just north of $139 million (a record).
$87 million in guarantees (a record).

Ian Rapoport ‏@RapSheet 1h1 hour ago
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 45m45 minutes ago
For clarity's sake: Andrew Luck signed a new 6-year deal, rather than a 5-year extension to add on to his old deal (1 yr, $16.2M left).