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Chargers restructure Philip Rivers’ contract

Philip+Rivers+Seattle+Seahawks+v+San+Diego+_ui9MplvjM6l Getty Images

The Chargers are taking care of a little housekeeping before kicking off their season against the Texans on Monday night.

Michael Gehlken of UT San Diego reports that the team has reached an agreement with quarterback Philip Rivers to restructure his contract. Rivers converted $5 million of the $12 million he was set to earn in salary into a signing bonus, spreading the cap hit out over the final two years of the deal.

Rivers is still set to make the same amount of money over the life of the deal. The move gives the Chargers more than $3 million of cap space this season.

Per Gehlken, the Chargers plan to use their new cap space immediately. Linebacker Donald Butler, whose contract expires after the season, is seen as likeliest candidate to benefit from the newfound largesse. The two sides were said to be talking about such an extension a month ago, but that there would be no discussions once the season starts.

That would leave the two sides a couple of days to hammer out an extension if, indeed, that’s what the Chargers are planning to do.

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17 Responses to “Chargers restructure Philip Rivers’ contract”
  1. realfootballfan says: Sep 6, 2013 1:28 PM

    In prelude to them cutting him loose this off-season after they pick his replacement in the top five of the draft. I can’t say at the top of the draft because they do have the Raiders in their division, so that should be two wins.

  2. ambitoos says: Sep 6, 2013 1:29 PM

    AJ could never have figured that out. He would have let Butler walk.

  3. Norseman says: Sep 6, 2013 1:30 PM

    Chargers are digging a hole extending Rivers and kicking the cap hit down the road.

    You don’t do that will a QB on the downslide of his career.

  4. floratiotime says: Sep 6, 2013 1:34 PM

    Eli Manning is getting an extension.

  5. ambitoos says: Sep 6, 2013 1:42 PM

    Norsman, who said he was on the downside of his career. With an O line to keep him stationary, he’ll just be getting started. You saw what old QB’s can do if you watched that Bronco game last night.

  6. richmondbolt says: Sep 6, 2013 1:43 PM

    Had to. Meachem cut cost $5 million and put them over the cap. At least this is my understanding. G’head and lock up Butler, he’s earned it.

  7. 619sdfan4life says: Sep 6, 2013 1:45 PM

    Try reading that again Norseman,Rivers got a “Restructure” Donald Butler is looking to get the extension. Rivers just got more of his money up front.

  8. davetrembley says: Sep 6, 2013 1:45 PM

    If there was a good time to restructure Rivers, (and I’m not sure there was), it should have been before free agency when better players were available than the bargain basement scrap heap where the Chargers eventually went shopping.

  9. bmorepositive123 says: Sep 6, 2013 1:46 PM

    Drew Brees must be smiling knowing he escaped that franchise. I’d love to know what Philip Rivers could do on a team like Houston, etc.

  10. joetoronto says: Sep 6, 2013 1:47 PM

    Big mistake, Phylis has seen her best days.

  11. phinfan says: Sep 6, 2013 2:00 PM

    ha ha ha nice photo

  12. 1bigtex says: Sep 6, 2013 2:11 PM

    Wow.

    Canadianjoe is talking smack about a QB and his team hasn’t been able to draft one since, who, Ken Stabler?

  13. jayniner says: Sep 6, 2013 2:24 PM

    This is so they can sign a receiver before Sunday….Brandon Lloyd maybe?

  14. zeddicuszorander says: Sep 6, 2013 4:38 PM

    There’s Jojo!!!

    Never see you on a Raider thread anymore, even you’ve finally given up on that sad pathetic franchise.

    Commitment to …never mind….your team blows.

  15. konichiwabtches says: Sep 6, 2013 5:17 PM

    Smart move by telesco, he won’t see the last 2 years of his deal if he has another year this year like he did the last 2.

  16. National Fanatic says: Sep 6, 2013 7:24 PM

    I’m eager to see what Telsco does with his new money. I’d guess it’s for Donald Butler’s extension, but SD needs more depth on the O-line.

  17. n3olan333 says: Sep 6, 2013 8:17 PM

    Must be to make cap space to resign Donald Butler!

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