Mar 22, 2012; Stanford CA, USA; Stanford Cardinal quarterback Andrew Luck during pro day at Stanford Practice Fields. Mandatory Credit: Jason O. Watson-US PRESSWIRE

Colts Confirm Andrew Luck Will Be No. 1 Pick; Contract Will Be Worth $22 Million

The Colts have made it official: they're taking Andrew Luck with the No. 1 pick.

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6 Total Updates since April 19, 2012
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Andrew Luck Not Concerned About Colts Contract

Andrew Luck is still unsigned, but expects to have his deal with the Indianapolis Colts done before training camp.

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Andrew Luck's Contract With Colts Will Be Worth $22 Million

It's been officially confirmed that Andrew Luck will be the No. 1 overall pick in the 2012 NFL draft, and there's also little suspense on what the terms of his contract will be once the Indianapolis Colts make it official on Thursday night. The former Stanford Cardinal quarterback is expected to sign a four-year deal worth just over $22 million. Via ESPN's Adam Schefter:

Under the new CBA, agreed upon last summer, there's very little room for the agents of draft picks to negotiate. The Colts should have Luck signed pretty quickly, agreeing to a deal that will be a slight increase over what Cam Newton got from Carolina as last year's No. 1 pick.

For all news and information regarding the Indianapolis Colts, please visit Stampede Blue. For lots more on the 2012 NFL draft, you can check out Mocking the Draft.

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Andrew Luck Will Be No. 1 Pick In 2012 NFL Draft, Colts Confirm

Andrew Luck will go No. 1 overall in the 2012 NFL Draft, Indianapolis Colts general manager Ryan Grigson confirmed Tuesday. The news should come as a surprise to no one at this point, as Luck has been touted as the top prospect in this year's draft class since before his senior season with the Stanford Cardinal. Grigson spoke to reporters Tuesday to break the news.

"In fairness to Andrew Luck and in fairness to the whole process - the media gantlet he's going to be enduring the next couple days - I thought it was the right thing to do to announce that we're going to take him," said Grigson.

"I didn't see the point in prolonging what the world already knows."

New Colts head coach Chuck Pagano also commented, saying he would sleep better safely knowing that Luck will be joining the team next season.

"We've got a great one for years to come," Pagano said. "It's another piece of the puzzle that we feel really good about, obviously."

Attention now turns to the No. 2 overall pick in Thursday's first round, where the Washington Redskins are expected to select Heisman Trophy winner Robert Griffin III.

For more on Luck and the Colts, be sure to check out the SB Nation blog Stampede Blue. For more on the 2012 NFL Draft, stay tuned to SBN's Draft Hub, and head over to Mocking The Draft.

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Colts Tell Andrew Luck He'll Be No. 1 Pick, According To Report

I can't remember a time when news of this caliber isn't even the slightest surprise but ESPN's Adam Schefter reports that the Indianapolis Colts have told Stanford's Andrew Luck that he will be the No. 1 pick in the 2012 NFL Draft. The Colts said just this week that they've decided on who the No. 1 pick will be but did not disclose the name.

This comes as no surprise at all. Ever since the Colts secured the No. 1 pick in the draft, Luck has been the target. The Colts flirted with Robert Griffin III but didn't even ask him to come in for a visit which should tell you all you need to know about their draft plans next week.

The Colts could start negotiating with Luck immediately but it sounds like they won't do that until he's officially selected No. 1 next week.

Luck will take over for Peyton Manning, who was cut this offseason and joined the Denver Broncos. The similarities between Luck and Manning are there. Both will be No. 1 picks and both were considered extremely polished prospects. Luck will likely end up starting from day one in Indianapolis.

For more on the least surprising news of the day, visit Stampede Blue and SB Nation Indiana.

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Colts Decide On No. 1 Pick But Won't Say Who

The Indianapolis Colts have decided who they're going to draft, but they're not telling anyone who it is.

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Colts Say They Haven't Decided Between Andrew Luck And Robert Griffin III

The Indianapolis Colts have the first overall pick in the 2012 NFL Draft. They will likely select either Andrew Luck or Robert Griffin III.

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