Philip Rivers, Chargers agree to four-year, $83.25M extension

Kyle Terada-USA TODAY Sports
Kyle Terada-USA TODAY Sports

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.

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