The San Diego Chargers
saved more than $3 million in salary cap space by restructuring quarterback Philip Rivers
' contract this week.
Instead of a $12 million salary this season, the 31-year-old veteran's reworked deal calls for a $7 million base with a $5 million signing bonus extended through the final two yars of his contract.
The last two years of the deal remain the same with the exception of the prorated bonus money. Rivers has a non-guaranteed base salary of $13.8 million in 2014 and $15.75 million in 2015.
Rivers and the Chargers open the regular season on Monday night at home against the Houston Texans.
Last year, Rivers passed for 3,606 yards with 26 touchdowns and 15 interceptions, but he experienced his first losing season as San Diego's starter.
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