Former Jacksonville Jaguars cornerback Derek Cox has agreed to terms on a new contract with the San Diego Chargers and is expected to sign it when he arrives in Southern California on Thursday.
The move by the Chargers to add a fourth year to the contract appears to be the final move to get the deal done. According to Michael Gehlken of the San Diego Union-Tribune, added another year to the deal Wednesday night. The deal ultimately winds up being for four years and $20 million with a $5.2 million signing bonus. Cox will get $10.25 million fully guaranteed with all of the guaranteed money loaded into the first two years of the contract.
With all the guaranteed money coming in the first two years, the addition of a fourth year to the contract won’t ultimately be problematic for San Diego. If they chose to release him after three seasons, the cap hit in year four would be minimal.
Cox has 12 interceptions over the last four season with the Jaguars. He recorded four interceptions a season in 2009, 2010 and 2012. He only played six games in 2011 before landing on injured reserve.