Chargers’ Philip Rivers Restructures Contract

Philip Rivers has agreed to move some of his money around in order to help the Chargers’ fiscal situation. Rivers inked a reworked deal on Wednesday that will see $6MM of his $16.5MM salary this season converted into a roster bonus, Michael Gehlken of U-T San Diego tweets. The adjustment creates $4.5M in cap space for the Chargers. Philip Rivers

Rivers signed an extension with San Diego last summer and that deal should keep him in place through the 2019 season. The veteran showed no signs of slowing down in 2015 as he led the league with 437 completions and racked up 4,792 passing yards to go along with 29 touchdown passes.

Rivers’ contract makes him the ninth-highest paid quarterback in the league in terms of annual average. His $20.81MM AAV is only bested by Andrew Luck, Drew Brees, Joe Flacco, Aaron Rodgers, Russell Wilson, Ben Roethlisberger, Carson Palmer, and Eli Manning. Rivers will try and lead his team to a better mark than the 4-12 record they had last year. The Bolts’ season opens on Sunday when they face off against the Chiefs.

Photo courtesy of USA Today Sports Images.

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2 comments on “Chargers’ Philip Rivers Restructures Contract

  1. Maggie Posner

    Bless your sweet heart, Philip Rivers..Your a class act with a loving heart..Thank you for everything you do for Our. Team!!

  2. now why cant Jay Cutler do this exact same thing?

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