News from the Sports World: Luck Signs Huge Contracts, Lebron Opts Out

(AP Photo/Eric Risberg)

(AP Photo/Eric Risberg)

UNDATED (AP) — Indianapolis Colts quarterback Andrew Luck has accepted a six-year, $140 million contract extension, the richest deal in NFL history. Colts owner Jim Irsay revealed the contract’s maximum value and said Luck would be guaranteed $47 million even if the Colts were to cut him before this season. NFL.com says the life of Luck’s contract includes $87 million guaranteed for injury.

CLEVELAND (AP) — LeBron James is a free agent after formally declining his player option for next season with the NBA champion Cavaliers. The move was expected by James, who said last week he intends to remain with Cleveland. The 31-year-old star has been a free agent the past three summers, electing each time to sign one-year contracts with a player option.

ST. LOUIS (AP) — The Kansas City Royals have placed center fielder Lorenzo Cain on the 15-day disabled list with a left hamstring strain and recalled rookie outfielder Brett Eibner from Triple-A Omaha. The 27-year-old Eibner was batting .297 in 11 games with five doubles, a home run and seven RBIs with the Royals. Cain was batting .290 with eight homers and 39 RBIs.

UNDATED (AP) — Lightning captain Steven Stamkos is staying in Tampa Bay after accepting an eight-year contract worth $68 million. Stamkos had 36 goals and 64 points in 77 games last season before undergoing surgery to treat a blood clot near his right collarbone. The deal was reached two days before Stamkos would have become a free agent.

UNDATED (AP) — P.K. Subban , Shea Weber and Taylor Hall were involved in a pair of NHL trades today. The Montreal Canadiens shipped Subban to the Nashville Predators for Weber in a swap of defensemen, and the New Jersey Devils acquired Hall from Edmonton for blueliner Adam Larsson. Subban won the Norris Trophy in 2013, Weber is a two-time Norris finalist and Hall has ranked among the top 10 in scoring twice during his six-year career.

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