Chargers QB Philip Rivers‘ six-year contract extension, which he signed Monday, is worth $91.8 million, with $38.15 million guaranteed and another $6 million guaranteed for injury only, according to a league source.
Rivers could receive $46.65 million over the first three years of the deal.
That additional $6 million “guarantee” comes in the form of 2011 salary that Rivers would receive if he’s still with the team (which is highly probable). The Chargers could cut Rivers for skill reasons before that and he wouldn’t receive the additional $6 million, but it is guaranteed against injury. So, in all likelihood, Rivers will receive $44.15 million guaranteed in the deal.