Irsay confirms Colts plan to reach long-term deal with Luck before camp

It appears that it's only a matter of time until Andrew Luck becomes the highest-paid player in the NFL.

Indianapolis Colts owner Jim Irsay spoke about Luck's ongoing contract discussions and believes that a long-term deal can be reached before training camp.

"Look, we went into it knowing that this is going to be a big contract and a big deal and all those things," Irsay said to Mike Chappell of CBS4. "We didn't hide any cards in that way.

"There's been compromise on both sides. I would be surprised if we don't have something done before training camp."

Irsay spoke candidly about the numerous factors that need to be accounted before coming up with a gargantuan extension, but noted that both parties are making progress.

"In the end you guys know what it's about," Irsay said. "It comes down to the debate in the negotiations of years, total number, total guarantees and those sorts of things, and obviously how it relates to the cap.

"But I haven't seen anything that's just been a problem, that's going to hold it up. I see progress being made. I think both sides believe the sooner, the better."

Luck is the face of the Colts' franchise, making a seamless transition from the college ranks after being selected first overall in 2012. One of the most promising talents in the game, Luck could be an extremely wealthy man before the season kicks off.