Owner Jim Irsay made it clear Monday that there is no sense of urgency on Luck's contract until after the 2015 season.
"Andrew still has two years left, and whatever our talks are between Andrew and his people will remain confidential," Irsay said, per ESPN. " ... I really think most likely the scenario is going into the offseason next year is when that second contract will come up. That's the vision I have right now."
When Luck does sign, he will be rewarded as one of the NFL's highest-paid players.