Age: 31
Free Agency: 2028 (UFA)
Accrued Seasons: 6
- Height: 6'2"
- Weight: 242
- College: William & Mary
- Entry: 2016 Undrafted Free Agent (Buccaneers)
- 2023 Salary Cap Charge: $1,420,000 (0.61% of cap)
- 2023 Cash Payout: $2,300,000 (1.06% of spending)
- 2023 Cash to Cap Ratio: 1.62
- Contract Value: $6,465,000 ($1,616,250 APY)
- Fully Guaranteed Money: $0
- Contract Ranking: 1/34 at LS
Current Contract
(Extension, signed 2023)
(📝: indicates contract trigger occuring during that year)| Year | Age | Base Salary | Prorated Bonus | Per Game Roster Bonus | Guaranteed Salary | Cap Number | Cap % | Dead Money & Cap Savings | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 31 | $1,200,000 | $220,000 | $0 | $1,200,000 | $1,420,000 | 0.6% | |||||
| 2024 | 32 | $1,210,000 | $220,000 | $0 | $200,000 | $1,430,000 | 0.5% | |||||
| 2025 | 33 | $1,255,000 | $220,000 | $85,000 | $0 | $1,475,000 | 0.5% | |||||
| 2026 | 34 | $1,300,000 | $220,000 | $85,000 | $0 | $1,520,000 | 0.5% | |||||
| 2027 | 35 | $1,345,000 | $220,000 | $85,000 | $0 | $1,565,000 | -- | |||||
| Total | $6,310,000 | $1,100,000 | $255,000 | $1,400,000 | $7,410,000 | |||||||
Contract Notes
Luke Rhodes signed a 4 year extension with the Indianapolis Colts on September 8, 2023 worth $6,465,000 with $2.5 million in total guarantees including a $1.1 million signing bonus.
Cash Flows
| Old Money | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|
| Cash Due | $255,000 | $1,100,000 | $1,210,000 | $1,255,000 | $1,300,000 | $1,345,000 |
| Running Cash | $1,355,000 | $2,565,000 | $3,820,000 | $5,120,000 | $6,465,000 |
Career Earnings: $6,944,982
Career APY: $992,140
Contract History
| Team | Contract Type | Status | Year Signed | Yrs | Total | APY | Guarantees | Amount Earned | % Earned | Effective APY |
|---|---|---|---|---|---|---|---|---|---|---|
| Colts | SFA | Expired | 2016 | 2 | $990,000 | $495,000 | $0 | $645,882 | 65.2% | $322,941 |
| Colts | ERFA | Expired | 2018 | 1 | $630,000 | $630,000 | $0 | $630,000 | 100.0% | $630,000 |
| Colts | ERFA | Renegotiated | 2019 | 1 | $720,000 | $720,000 | $0 | $0 | 0.0% | $0 |
| Colts | Extension | Renegotiated | 2019 | 4 | $4,850,000 | $1,212,500 | $1,250,000 | $4,505,000 | 92.9% | $1,126,250 |
| Colts | Extension | Active | 2023 | 4 | $6,465,000 | $1,616,250 | $0 | $1,100,000 | 17.0% | $0 |
Earnings By Team
| Team | Yrs | Salary | APY | Paid on Cap | % Paid on Cap | Paid as Dead Money | % Paid as Dead Money |
|---|---|---|---|---|---|---|---|
| Colts | 7 | $6,942,982 | $991,855 | $5,780,882 | 0.0% | $62,100 | 0.0% |
| Buccaneers | $2,000 | $0 | $0 | 0.0% | $2,000 | 0.0% |
Season History
| Year | Team | Base Salary | Prorated Bonus | Roster Bonus | Per Game Roster Bonus | Guaranteed Salary | Cap Number | Cap % | Cash Paid | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | Colts | $450,000 | $0 | $0 | $0 | $0 | $105,882 | 0.1% | $105,882 | ||
| 2017 | Colts | $540,000 | $0 | $0 | $0 | $0 | $540,000 | 0.3% | $540,000 | ||
| 2018 | Colts | $630,000 | $0 | $0 | $0 | $0 | $630,000 | 0.3% | $630,000 | ||
| 2019 | Colts | $720,000 | $0 | $850,000 | $0 | $400,000 | $1,570,000 | 0.7% | $1,570,000 | ||
| 2020 | Colts | $910,000 | $0 | $0 | $0 | $0 | $910,000 | 0.4% | $910,000 | ||
| 2021 | Colts | $990,000 | $0 | $0 | $0 | $0 | $990,000 | 0.5% | $990,000 | ||
| 2022 | Colts | $1,035,000 | $0 | $0 | $0 | $0 | $1,035,000 | 0.5% | $1,035,000 | ||
| 2023 | Colts | $1,200,000 | $220,000 | $0 | $0 | $1,200,000 | $1,420,000 | 0.6% | $2,300,000 | ||
| 2024 | Colts | $1,210,000 | $220,000 | $0 | $0 | $200,000 | $1,430,000 | 0.5% | $1,210,000 | ||
| 2025 | Colts | $1,255,000 | $220,000 | $0 | $85,000 | $0 | $1,475,000 | 0.5% | $1,255,000 | ||
| 2026 | Colts | $1,300,000 | $220,000 | $0 | $85,000 | $0 | $1,520,000 | 0.5% | $1,300,000 | ||
| 2027 | Colts | $1,345,000 | $220,000 | $0 | $85,000 | $0 | $1,565,000 | -- | $1,345,000 | ||
| Total | $11,585,000 | $1,100,000 | $850,000 | $255,000 | $1,800,000 | $13,190,882 | $13,190,882 | ||||
Dead Money History
| Team | Year | Cap Charge | Cash Paid |
|---|---|---|---|
| Buccaneers | 2016 | $666 | $2,000 |
| Colts | 2016 | $62,100 | $62,100 |
| Buccaneers | 2017 | $1,334 | $0 | Total | $64,100 | $64,100 |
Statistics
| Year | Games Played | Games Inactive | Snaps | |
|---|---|---|---|---|
| Injured | Healthy | Special | ||
| 2016 | 4 | 0 | 0 | 10.3% |
| 2017 | 16 | 0 | 0 | 32.4% |
| 2018 | 16 | 0 | 0 | 30.9% |
| 2019 | 16 | 0 | 0 | 30.9% |
| 2020 | 15 | 0 | 0 | 29.5% |
| 2021 | 16 | 0 | 0 | 32.2% |
| 2022 | 17 | 0 | 0 | 29.7% |
| 2023 | 2 | 0 | 0 | 31.6% |
Valuation Diamond
The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. To understand how to read the diamond, read this explainer.
| OTC Valuation | APY | |
|---|---|---|
| Regular | $1,015,000 | $1,616,250 |
| Injury Adjusted | $1,015,000 | $1,616,250 |
Weekly Valuation Trends
The chart below illustrates the trend of the player's weekly OTC Valuations (in blue) from the most recent season, using APY (in green) and, if applicable, cash that is due to the player in the next season (in red) as benchmarks. Weeks not plotted indicate that the player was inactive or on a bye.
To see interactive and more in-depth use of OTC Valuation data, subscribe to OTC Premium.