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Chargers & Philip Rivers Discussing New Deal Worth Over $20M Per Year

Jason Cole of B/R recently spoke to Chargers QB Philip Rivers, who mentioned that he hopes to have a new contract in place with the team in the next few weeks.

Sources tell Cole that Rivers will likely receive over $20 million per year as part of a new deal. However, Rivers said that if the two sides don’t make progress on a long-term extension in the next few weeks, he’s likely to cut off negotiations to prevent it from being a distraction this season.

Rivers also mentioned that he’s completely comfortable playing out the final year of his contract and seeing what happens next year.

Ian Rapoport of NFL Media reported not too long ao that the Chargers were hoping to have a long-term deal in place with Rivers before the start of training camp, so this new report is in line what’s been mentioned in recent weeks.

Rivers said previously that he was “willing to listen to anything” in regards to possibly signing a contract extension that will keep him in San Diego.

“A lot of moving parts and lots to think about,” Rivers said, via Kevin Acee of the Union-Tribune. “Location, family, team … All I can say at this point regarding an extension is I’m willing to listen to anything. I’m also willing to play it out. I’m just fired up to be the Chargers QB in 2015.”

Rivers, 33, is entering the final year of his seven-year, $98.25 million contract that included $38.15 million guaranteed. He stands to make a base salary of $15.57 million for the 2015 season.

Despite dealing with some injuries last  year, Rivers was able to put together another solid season for the Chargers in which he threw for 4,286 yards while completing 66.5 percent of his passes to go along with 31 touchdowns and 18 interceptions.

Pro Football Focus has him rated as the No. 7 quarterback out of 39 qualifying players.