San Diego Chargers restricted free agent wide receiver Malcom Floyd said today that he will participate in this week’s organized team activities after staying away all offseason, and he appears close to signing his one-year tender offer.
“I don’t think there was anything more to gain by sitting out,” Floyd said this morning.
Kevin Acee of the San Diego Union-Tribune reports that Floyd could sign the one-year $3.168 million tender as soon as today.
Floyd is one of four high-profile Chargers free agents who haven’t signed their tenders and haven’t been participating in offseason workouts. The Chargers have leverage with three of the four — Floyd, receiver Vincent Jackson and offensive tackle Marcus McNeill — because on June 15 teams can change players’ tender offers to 110 percent of their 2009 salaries, and that would be a significant reduction from the current tender offer for those three. (The fourth, linebacker Shawne Merriman, is already tendered at 110 percent of his 2009 salary.)
But now Floyd is in the fold, and he says he’s glad to be back.
“I’m excited [to] take reps with Philip [Rivers],” Floyd told the Union-Tribune. “I’ve been really stressing on that.”