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Philip Rivers gets his big contract

Just ten days after Eli Manning finally signed his contract extension, another quarterback from the class of 2004 just got a whole lot richer.

ESPN’s Len Pasquarelli reports that the Chargers and Philip Rivers have agreed to terms on a six-year, $92 million contract extension through 2015, with $38-39 million guaranteed.

“This is a great day for the Chargers and Chargers fans,” said Chargers team President Dean Spanos said in a statement.  “Philip has proven he has all of the necessary qualities to be a successful quarterback in the NFL.  He’s a proven winner and an unquestioned leader for this football team.”

The total value and guaranteed money are very similar to what Manning signed for, showing that general excellence, leadership, and good stats can be worth as much as a Super Bowl championship.  (Only Manning family members and Giants fans would deny that Rivers could have won with the ’07 Giants, too.) 

The guaranteed money is actually higher than what Manning earned.  (Although one could argue Eli will get $47 million “guaranteed” . . . unless he’s cut after this year.)

As PFT’s fearless leader Mike Florio points out, the key will be how much Rivers earns in the next couple of years.

If the structure of the contract is any indication, we suspect it will be similar to Manning’s money, but perhaps a little less to adjust for New York inflation.
 
Either way, the Chargers locked up one of the best young quarterbacks in the league after quiet negotiations that Pasquarelli described as “sparse” only a few days ago.

Chargers G.M. A.J. Smith is a happy man to have “his guy” locked up long-term.

“We feel Philip is an outstanding player with a very bright future.  It’s a great feeling knowing he will be with us for many years to come,” Smith said in a statement.

Smith essentially choose Rivers over Manning first, then Drew Brees. Perhaps Brees has been a little better over the last three years, but the decision will pay off big dividends by the time Rivers nears the end of this contract.

UPDATE: Scout’s Adam Caplan reports Rivers will get $38.5 million guaranteed.

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49 Responses to “Philip Rivers gets his big contract”
  1. Farves sweet Hair says: Aug 24, 2009 6:41 PM

    Wow this guys a bigger Douche than Farve!

  2. C says: Aug 24, 2009 6:46 PM

    Worth every cent!

  3. descendency says: Aug 24, 2009 6:46 PM

    how much did eli get guaranteed?

  4. blackglass says: Aug 24, 2009 6:47 PM

    He deserves it. Hopefully he gets an RB worth a damn (besides Darren Sproles) who isn’t the league crybaby.

  5. hairy snizz says: Aug 24, 2009 6:49 PM

    You can’t give that much money to a QB whose arms are too short to whittle his wood!!

  6. Hedley Lamarr says: Aug 24, 2009 6:52 PM

    Wow. Roethlisberger is starting to look like a bargain. These contracts are getting ridiculous.

  7. gonzolo4 says: Aug 24, 2009 6:52 PM

    Say what you will about his big mouth (and you’re probably right), but the guy can flat out play football. He on the border of becoming an elite QB, let’s see if he keeps up the high level of play, or decides to take a dump on San D since he just got paid.

  8. eastslastheart says: Aug 24, 2009 6:55 PM

    Good for him, I think he is the best pure QB from that class, although he appears to be (so far) this group’s Dan Marino…The Bolts should be in the hunt for a ring this season (again…)

  9. CardHock says: Aug 24, 2009 7:01 PM

    Good for Phillip. Absolutely one of the best QBs in the game.

  10. Fan_Of_ Four says: Aug 24, 2009 7:10 PM

    Holy Crap !
    The NFL sure is paying a lot of dough to mediocre QB’s these days. Rivers is probably one of the better QB’s in the League but saying and paying him like he’s one of the best is reach. No wonder there’s a market for 40 year old guys like Favre, there just aint enough talent to go around.

  11. empty13 says: Aug 24, 2009 7:11 PM

    he sure didnt pout on the bench like visor-boy.

  12. packerswin says: Aug 24, 2009 7:15 PM

    Man is A.Rodgers ever a bargain, just as good or better than these 2 but half the salary.

  13. Jaydub says: Aug 24, 2009 7:19 PM

    All that for a guy who doesn’t have the right mentality to win a Super Bowl. Rivers is a flaming douchebag with a big mouth, and a 12 year old mentality to match. Write it down: No Lombardi for the Chargers as long as he’s their QB.

  14. Jaydub says: Aug 24, 2009 7:20 PM

    All that for a guy who doesn’t have the right mentality to win a Super Bowl. Rivers is a flaming douchebag with a big mouth, and a 12 year old mentality to match. Write it down: No Lombardi for the Chargers as long as he’s their QB.

  15. Rex Grossman says: Aug 24, 2009 7:26 PM

    Can’t put a price on a franchise quarterback. If you get one, you secure him for a long time. I will now take this time to laugh at the Denver Broncos.
    Yep. Still hilarious.

  16. CardHock says: Aug 24, 2009 7:28 PM

    If you think Eli Manning is a better player than Rivers then that is pretty sad. And I dont care about the Super Bowl win, he has a great defense. Trent Dilfer won a super bowl too and nobody have him 90 + million.

  17. TylerDurden says: Aug 24, 2009 7:45 PM

    YAYYYYYY! — Special Ed from “Crank Yankers.”

  18. C says: Aug 24, 2009 8:03 PM

    Rivers, Lame?
    Ranked 1st Overall with a 105.5 Rating in 2008
    1st in Touchdowns (Tied with Brees)
    1st in Average gain at 8 yards
    16th in throwing int’s (1st.Farve2nd.Cutler3rd.Brees4th.Roethlisberger)
    1st in First Down Completions (%40)
    5th in 20+ yard throws
    4th in 40+ yard throws
    and so on and so on
    ——————————–
    If you know anything about football, you know that Rivers does not suck.

  19. dlmcc0909 says: Aug 24, 2009 8:20 PM

    So what would Peyton Manning or Tom Brady get right now if they were free agents? About $130 million? I know Brady’s a team guy and Peytons not the type to air out those kinds of frustrations, but somewhere those two have to read about Rivers and feel like renegotiating their contracts. Im just saying.
    Eli and Rivers are solid young QB’s but i dont think either of them are top 5. Next few months could be interesting with this kind of money being thrown to them

  20. Nigerian Nightmare says: Aug 24, 2009 8:25 PM

    Rivers is good but let’s see how those numbers look in a division that isn’t full of pushovers like KC, Oakland, and Denver. You know, a real division like the NFC East. Playing half your games in perfect weather doesn’t hurt either.

  21. DanFoutsBeard says: Aug 24, 2009 8:35 PM

    People who say Rivers isn’t good aren’t paying attention enough or just don’t want to accept it. He’s not very athletic and has an awkward throwing motion, so the casual observer will probably not realize that he lead the league in almost every major stat category for a QB last season. The best QB rating by 8 points. Most TD’s. Second most yards. LT sucked last year and Gates was hurt, so you can’t claim it’s because he’s surrounded by talent or teams stacked the box.
    And because ESPN loves to play the clip of him talking smack to Cutler over and over, now he’s perceived as a loudmouth. The truth is all his teammates and every journalist who covers this team can’t say enough of how great a person he is.
    Look at Rivers career stats, including the post season. He’s a great QB. Accept it. Great deal for him and the team.

  22. Zaggs says: Aug 24, 2009 8:39 PM

    “Only Manning family members and Giants fans would deny that Rivers could have won with the ’07 Giants, too.” Except for the fact Rivers would have been crying half way through his first year in New York cuz he cant handle the pressure. Its a hell of alot easier in the great NFL market of San Diego.
    Also hasnt rivers had the best TE and RB in football? Not to mention one of the best LB’s and DL of the league? Ide make the argument Eli could have won with the 06, 07 and 08 Chargers.

  23. east96st says: Aug 24, 2009 8:44 PM

    “Only Manning family members and Giants fans would deny that Rivers could have won with the ’07 Giants, too”
    I don’t think most Giants fans, myself included, doubt that Rivers could have been successful in NY. The question with Rivers playing for the Giants is how would a guy with a volatile temper like Rivers survive the NY press, nightlife, paparazzi, etc. Plus, with his mouth, it would be just a matter of time before a shooting incident occurred. Eli stays at home with his wife and keeps his mouth shut. That’s a much healthier approach to life in NYC when you’re famous. Paparazzi aren’t all over Eli because the guy is boring. Rivers would feel like he was getting an endoscopy if he was the Giants QB.

  24. CardHock says: Aug 24, 2009 8:58 PM

    “I don’t think most Giants fans, myself included, doubt that Rivers could have been successful in NY. The question with Rivers playing for the Giants is how would a guy with a volatile temper like Rivers survive the NY press, nightlife, paparazzi, etc. Plus, with his mouth, it would be just a matter of time before a shooting incident occurred. Eli stays at home with his wife and keeps his mouth shut. That’s a much healthier approach to life in NYC when you’re famous. Paparazzi aren’t all over Eli because the guy is boring. Rivers would feel like he was getting an endoscopy if he was the Giants QB.”
    Wow you really don’t know anything about Rivers. What nonsense. Rivers does not leave his house, hes at home with his wife and children. Hes a good ole boy, and the guy doesnt even cuss. Shooting incident? This guy isnt Plexico.

  25. Real Football Fan says: Aug 24, 2009 9:04 PM

    Rivers has performed well in San Diego, but let’s not get carried away. Manning plays in one of the hardest markets to deal with in the league.
    Also, I doubt if Rivers lack of arm strength would go over well in Giants’ stadium.
    people tend to underestimate the difficulty of the New York market and playing in that stadium. When I can only name 3 successful franchise QB’s in the modern era between the Jets and Giants, that should tell you something about that difficulty.

  26. Real Football Fan says: Aug 24, 2009 9:05 PM

    Rivers has performed well in San Diego, but let’s not get carried away. Manning plays in one of the hardest markets to deal with in the league.
    Also, I doubt if Rivers lack of arm strength would go over well in Giants’ stadium.
    people tend to underestimate the difficulty of the New York market and playing in that stadium. When I can only name 3 successful franchise QB’s in the modern era between the Jets and Giants, that should tell you something about that difficulty.

  27. promin1 says: Aug 24, 2009 9:09 PM

    Who is the tool that said he didnt care about Eli’s Super Bowl win? Are you serious? Did the defense lead the team down the field in the final 2 mins? Did the defense throw that 3rd and 13 to Steve Smith to keep the drive alive or throw the game winning TD? All you Eli haters make me laugh. You are the biggest bunch of jerkoffs on the planet.

  28. DanFoutsBeard says: Aug 24, 2009 9:09 PM

    east96st.
    I’m sure all that you said about Eli and the NY media is true. You would know. But I think Rivers could definitely succeed under the same conditions. For how out of control Rivers seems on the field, he is very collected with the media. He doesn’t get baited into saying anything he shouldn’t. And I garuntee you he is more boring that Eli off the field. I would hope so. Rivers doesn’t even curse, which I personally don’t like, and is a very religious family man. Got married in college. Probably hasn’t stepped one foot inside an SD club. Boring as they get and will never have an off the field issue. Each team should be happy how the trade worked out.

  29. dave says: Aug 24, 2009 9:10 PM

    giants fans who think rivers has a night life, are morons
    eli’s the one photographed being drunk with hookers

  30. troy brown80 says: Aug 24, 2009 9:15 PM

    i cant stand rivers, but he’s a good qb. the current market for qbs is rediculous, but he’s deffinetely worth the money. he’s better than eli and at least even with roethlisberger.

  31. C says: Aug 24, 2009 9:16 PM

    Eli? New York? River can’t hang? lol
    Rivers led the league in TD’s and passer rating last year. About the only thing Eli has come close to leading the league in is INT’s and sacks.

  32. wildcatoffensefan says: Aug 24, 2009 9:25 PM

    what Jaydub is completely untrue. I hate to tell people their opinions are wrong, but Jaydub is way off the mark.
    Also, big props to “C” for posting the stats of Rivers with some comparisons to Brees. Brees has put up great numbers, but so has Rivers, and he has been to the post-season more than Brees.

  33. Jaydub says: Aug 24, 2009 9:31 PM

    “giants fans who think rivers has a night life, are morons
    eli’s the one photographed being drunk with hookers”
    Moron says what?
    Somone please explain the concept of Photoshop to Dave, the boy wonder.

  34. hayward giablommi says: Aug 24, 2009 10:06 PM

    Hate Philip, hate SD, and Eli has his ring, but when all is said and done Philip was a better fit for that team than Eli.

  35. sevendollarbologna says: Aug 24, 2009 10:28 PM

    Are there any “jaw activated” triggers or “whiner” thresholds in this contract?

  36. Philtration says: Aug 24, 2009 11:09 PM

    The Chargers should have kept Drew Brees and drafted Larry Fitzgerald instead.

  37. Beezer says: Aug 24, 2009 11:30 PM

    C, Eli is one of the least sacked QB’s in the game despite having an overrated pass blocking oline.
    To all the idiots who keep using the “Trent Dilfer” defense Eli won the Superbowl MVP against the team that most were saying was the best team of all time. Dilfer won the Superbowl against a Giants team who had no business being in the Superbowl and threw for just over 100 yards.

  38. Hello says: Aug 24, 2009 11:44 PM

    This guy throws like a girl (no offense girls) and talks like 10 year old.

  39. Beezer says: Aug 25, 2009 12:31 AM

    Why doesn’t anyone EVER mention the fact that the Chargers had a better QB in Drew Brees, who over the past two seasons nearly broke Dan Marino’s passing yardage record, and let him walk without getting any compensation? Philtration is right. Imagine the Chargers with Brees and Fitzgerald.
    Also, since he has been in the league Rivers’ teams have had more talent than the Giants according to ALL of the experts from ESPN, NFL Network, Fox etc. yet they haven’t won a superbowl despite playing in the weakest division in football while Eli plays in the toughest. Rivers would have won in 2007? Who in their right mind actually believes that?

  40. east96st says: Aug 25, 2009 12:43 AM

    DanFoutsBeard says: “For how out of control Rivers seems on the field, he is very collected with the media.”
    You’re kidding, right? San Diego’s media is nothing compared to NYC’s. NYC is the number one TV market and San Diego is ranked 28th. That’s the difference between rabid jackals and newborn puppies. But you folks do have nice weather. Can’t compete with you there. And Smith did fleece Accorsi on the trade. Eli would have to be one of the top 5 that ever played to be worth what Accorsi gave up and we all know he’s not that caliber.

  41. JG999 says: Aug 25, 2009 1:36 AM

    Teams win Super Bowls; individuals do not. Don’t care how great a QBs stats are.
    And if you’re team is fortunate to have a QB that can rise to the occassion like Phil Simms and Eli Manning, then that’s a good thing.

  42. botchedextrapoint says: Aug 25, 2009 1:57 AM

    Hedley Lamarr says:
    August 24, 2009 6:52 PM
    Wow. Roethlisberger is starting to look like a bargain. These contracts are getting ridiculous.
    Compared to the QB’s picked first in the draft Rivers and Eli are still bargains

  43. BradyQuinnsCodPiece says: Aug 25, 2009 4:21 AM

    If you watch more than two Giants games with your eyes open you can tell Eli isn’t even a top 10 QB in the league… Hell just for fun if I were starting my own NFL team here’s a list of QBs i would want over Eli…
    Brady, Peyton, Brees, Rodgers, Romo, Rivers, McNabb, Palmer, Ryan, Cassel, Roethlisburger… well thats 11 and I might rank Cutler, Garrard, and Flacco above him too. (Didnt include Warner because he’s 90 years old but Warner is clearly better than Eli as well)

  44. Nigerian Nightmare says: Aug 25, 2009 7:29 AM

    BradyQuinnsCodPiece – seems like you forgot to open your eyes during those giants games you were supposedly watching. Maybe you should stick with fantasy football. There’s more to real football than stats.

  45. Kevin from Philly says: Aug 25, 2009 9:18 AM

    Wow, a rare Pastabelly sighting!
    Hey Gregg, NYC inflation? You ever been to San Diego? It ain’t cheap living out there.

  46. footballnut says: Aug 25, 2009 10:29 AM

    Can’t stand Rivers’ mouth, but he can play. He is a top 5 QB at this point…it’s just a matter of him winning games in Jan/Feb that still has the jury out on him in my book as a great.
    Brady and P. Manning must be thinking about this. Curious to see how this plays out here in NE with Brady.

  47. Empire Jones says: Aug 25, 2009 10:35 AM

    Gotta love the Eli-Rivers debate.
    Can’t we all just get along?
    Both teams got “their guy”. Both teams are happy right?
    About the only thing the Giants fans can say is that they got their ring. The season before there was talk of benching Eli. Seriously. Remember how bad he sucked?
    But he drove them down the field, they beat the evil Patriots, and all was right with the world.
    The young farmboy defeated the evil Empire and the sith lord with the initials “BB” from New England.
    Then again, I always thought Luke was a whiny bitch. Hmmmm…..

  48. C says: Aug 25, 2009 4:36 PM

    It is pointless to argue this subject.
    NewYork got their guy and San Diego got theirs. All this debate on how and why is just all opinions.
    They got paid for obvious reasons. Nuff Said!

  49. Empire Jones says: Aug 26, 2009 10:48 AM

    As a final thought on this, ANYONE who saw Eli get his deal, and doesn’t think Philip deserved just as much, is crazy.
    If you’re gonna give it to Eli, there is no excuse to not take care of Rivers.

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