“My mentality has been the same since March, which is I’m playing this season right here,” Rivers said. “Like I said a few weeks ago, if something happens, it does. But I don’t think you should hold your breath for an update any time soon.”
According to the San Diego Union-Tribune, Rivers set a cutoff point of the team’s exhibition opener Aug. 13 against the Dallas Cowboys as the deadline to get a deal done. If the team and Rivers do not have an agreement after that point, Rivers plans to wait until the end of the season to avoid the distraction of future negotiations.
However, Rivers told reporters Wednesday after practice there is no hard deadline.
Rivers, 33, is in the final year of his deal, scheduled to make $15.75 million in total compensation for the 2015 season. Rivers indicated if the two sides don’t consummate a deal before the season starts that he’s comfortable playing out the remainder of his deal and potentially hitting free agency after the completion of the 2015 season.
However, the Chargers can place the franchise tag on Rivers and keep him with the team for the next two seasons if the sides can’t come to an agreement on a contract extension.