The San Diego Chargers and Philip Rivers reached an agreement on a four-year contract extension on Saturday night.
The deal is worth $83.25 million with $65 million guaranteed, according to ESPN’s NFL analyst Chris Mortensen. The $65 million guaranteed is the highest guaranteed money of any player under a current contract.
Rivers, 33, was in the final year of his deal and scheduled to make $15.75 million in 2015.
Rivers is 88-56 (.611) as a starter during his career. His 88 wins are the most by any quarterback in franchise history.
In 2014 Rivers threw for 4,286 yards and 31 touchdowns for a Chargers team that finished 9-7, good for third in the AFC West.