Chargers quarterback Philip Rivers, who has thrown for more than 10,000 yards over the past three seasons, has agreed to a new contract extension with the club.
The extension is for six years and is worth $92 million, a source told ESPN.com. About $38-39 million is guaranteed. More importantly, the deal will keep Rivers off the free-agent market next spring, and will preclude the Chargers from having to exercise a franchise designation to retain him. The extension comes amid reports that the Chargers would have a difficult time reaching an extension accord with Rivers, a first-round choice in the 2004 draft.