Found September 06, 2013 on Pro Sports Daily:
This is....kind of meaningless. So if I'm understanding this correctly the team handed Philip Rivers a check for $5 million dollars and said "Your salary will now be $5 million less this season." Well I suppose that's one way to clear cap space. Many were left wondering after the San Diego Chargers went over the cap by cutting WR Robert Meachem how they would go about getting that cap space back. It would appear that they had a handshake agreement with Rivers to move that money from salary to signing bonus. I don't think this changes the team's situation with Rivers next year. I believe they're still able to release him with almost no cap penalty and his salary is still gigantic.

Report: Chargers QB Philip Rivers Restructures Contract

No one can ever say that Philip Rivers isn’t a team player. With the start of the Chargers 2013 season set to kick off on Monday when they play the Texans, CBS Sports reports that the Chargers and Rivers has agreed to terms that will restructure how Rivers will earn his 2013 salary of $12 million. Basically the Chargers appears to have needed cap space to sign LB Donald Butler...

Chargers restructure Rivers' contract

Brian McIntyre of Yahoo Sports reports that the San Diego Chargers and QB Phillip Rivers have agreed to restructured contract. According to McIntyre, Rivers reduced in base salary of $12 million to $7 million in return for a $5 million signing bonus. McIntyre adds that this move will free up $3.3 million in cap space and could allow the Chargers to part ways with Rivers for a minimal...

Rivers, Chargers ready to start season

The Chargers are ready for their season opener but they're going to need a little patience. San Diego hosts Houston in the second game of the Monday night doubleheader, and while that gives them more time to become comfortable in first-year coach Mike McCoy's offense, the Chargers are ready to go now. ''This is the longest week it seems like in history,''...

Manti Te'o Ruled Out For Monday Night

Chargers second-round pick, linebacker Manti Te'o, has been ruled out of Monday's versus Houston. SOURCE: San Diego Union-TribuneFantasy Spin:Te'o sprained his foot early in early August and hasn't practiced with the team in almost a month. He's likely to miss more than one week as he'll need to work his way back into playing shape.

Malcom Floyd is Probable

Chargers wideout Malcom Floyd (knee) is probable to play Week 1.Fantasy Spin:Floyd suffered a knee sprain in the second week of August. With Danario Alexander out, he'll be the top deep threat for Philip Rivers, but Vincent Brown is better fit for coach Mike McCoy's short passing offense and could draw the most targets.

Manti Te'o Unlikely To Play vs. Houston

It doesn't look like Chargers second-round pick Manti Te'o will play Monday versus Houston. SOURCE: San Diego Union-TribuneFantasy Spin:Te'o sprained his foot early on in the preseason and hasn't practiced with the team in almost a month. The Chargers have not given a timetable for when he might be back.

Know Your Opponent: Chargers Edition

Heading off to the West Coast for a late Monday Night Football matchup, the Houston Texans are preparing to face the shifty San Diego Chargers. Shifty? Because while victory seems imminent for the Texans, there are some intangibles that could throw things off track. So as the Texans prepare to face the Chargers, so should the people who love the Texans. With an aim to accomplish...

Te'o to miss Chargers opener against Texans

Rookie linebacker Manti Te'o has been ruled out of Monday night's opener against the Houston Texans with what the team has called a sprained right foot. Te'o hasn't practice since hurting his foot in the exhibition opener against Seattle on Aug. 8. He has had his foot in a walking boot almost constantly since then. Two days after Te'o was hurt, rookie coach...

Houston Texans at San Diego Chargers: 2013 Week 1 NFL Pick

Houston Texans (0-0) at San Diego Chargers (0-0) This is the annual week 1 absurdly late game. In order to kick off the football season, ESPN crams two NFL games into Monday Night Football Week 1. The second game usually starts after 10 PM ET and features West Coast teams, which, recently, has meant East Coasters have to watch crappy teams play football until well past Midnight....

Power Rankings: Bolts Open at 27

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