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 amid reports that the Chargers would have a difficult time reaching an extension accord with Rivers, a first-round choice in the 2004 draft.

Click here to read the full article – By Len Pasquarelli of ESPN.com

San Diego Chargers Sports Memorabilia
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