Philip Rivers, Chargers Agree to New Contract: Latest Details and Reaction

September 9, 2016   ·     ·   Jump to comments

The San Diego Chargers and starting quarterback Philip Rivers reportedly agreed to a restructured contract that gives the organization $4.5 million in additional space under the salary cap. 
Field Yates of ESPN reported Friday the sides turned $6 million in base salary into a roster bonus to create the extra flexibility. ESPN.com's Eric Williams noted the reworked contract will give the Chargers around $10.8 million in cap space.
Rivers is under contract with the Chargers through the 2019 season after signing a four-year extension that included $65 million in guaranteed money last year, per Spotrac. He was scheduled to count $21 million against the cap in 2016 before the restructure.
The 34-year-old NC State product has been one of the league's best quarterbacks since arriving in San Diego in a 2004 draft-day deal that also involved Eli Manning. He owns a 95.5 career passer rating with 281 passing touchdowns and 135 interceptions across 164 games.
Rivers h...

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