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Source: Rivers' extension worth $92M

By Len Pasquarelli
ESPN.com

Monday, August 24, 2009

San Diego Chargers quarterback Philip Rivers, who has thrown for more than 10,000 yards in 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 million to $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 agreement comes am ...

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