Philip Rivers Net Worth (2023)
Lifestyle | Bio | Facts [UPDATED]

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Philip Michael Rivers is a retired American football player that played for the Indianapolis Colts and the Sand Diego Chargers that later became the Los Angeles Chargers.

Let’s look back on his journey on how he amassed his $80 million Philip Rivers net worth and became one of the greatest quarterbacks in NFL history.

NFL Draft

Rivers was part of the 2004 NFL Draft pool. He was predicted to be drafted by the Pittsburgh Steelers as the 11th pick.

But…

The San Diego Chargers had the first overall pick in the 2004 draft, and they wanted Eli Manning. Unfortunately for the San Diego Chargers, Manning indicated that he would not sign with them before the draft.

The San Diego Chargers drafted Manning as their first pick and made a draft-day deal with the New York Giants.

The New York Giants have the 4th pick, and they took Rivers and traded him for Eli Manning in addition to three further draft picks.

San Diego Chargers

Philip Rivers net worth started with the San Diego Chargers contract worth $40.5 million, including $14.5 million in signing bonuses. It was a six-year deal that Rivers signed in August 2004.

Philip Rivers salary per year for the next six years was a staggering $9.16 million.

Rivers began his rookie season as the Chargers’ third quarterback option. He first appeared in the second half of the last game of the 2004 season against the Kansas City Chiefs.

On January 2, 2005, Rivers threw a 13-yard touchdown pass to fellow rookie Malcolm Floyd, his first touchdown as a professional football player.

His second season with the Chargers saw Rivers being promoted to the second back-up quarterback.

Rivers entered the last game of the 2005 season when starting quarterback Drew Brees dislocated his right shoulder late in the second quarter. The Chargers lost 23-7 to Denver.

By the end of the 2005 season, Drew Brees was not re-signed by the Chargers due partially to the injury he suffered, and it was hinted that he might transfer to the New Orleans Saints.

So…

Philip became the starting quarterback for the Chargers in the 2006 season when Drew Brees signed a contract with the New Orleans Saints.

Rivers made his first National Football League start against the Oakland Raiders on September 11, 2006, and after just five NFL starts, Philip was named the second-best NFL quarterback under 25 years of age by Sports Illustrated.

In 2007, the Chargers reached the play-offs and came to the final of the AFC. Rivers played the whole game with a torn ACL that later required surgery. Unfortunately, they lost to the New England Patriots.

Philip Rivers net worth took another big leap when Rivers signed a six-year, $92 million contract extension with the Chargers On August 24, 2009. Rivers’ annual salary was a whopping $15.33 million-plus bonuses. Like Wow!

Plus…

On August 15, 2015, the Chargers and Rivers agreed to a four-year, $84 million contract extension. Another monumental milestone for Philip Rivers’s net worth.

Los Angeles Chargers

The Chargers returned to Los Angeles in 2017. Though most of his teammates relocated to L.ARivers still called San Diego his home.

To make the 1 hour 18-minute commute from San Diego to Los Angeles, Rivers purchased a made-to-order SUV that includes two seats you’d find on a private jet, a 40-inch screen, satellite TV, a refrigerator, and WiFi. With Phillip Rivers salary, he can afford a $200,000 SUV.

Philip helped lead the Los Angeles Chargers to a 9–7 season in his first year back in L.A.

In the 2018 season, Rivers finished with 4,308 yards, 32 touchdowns, with 12 interceptions. The Los Angeles Chargers finished with a 12–4 record and returned to the playoffs for the first time since 2013.

Unfortunately, the Los Angeles Chargers lost In the Divisional Round against the New England Patriots.

He finished his final season with the Chargers with 4,615 passing yards, 23 touchdowns, and 20 interceptions.

By the end of the 2019 season,  both the Chargers and Rivers agreed that it was in their best interest to part ways.

The Indianapolis Colts

Another $25 million was added to Philip Rivers net worth when he signed a one-year contract with the Colts on March 21, 2020.

In his first game as a Colt, they lost to the Jacksonville Jaguars. He claimed his first victory with the Colts in a Week 2 28–11 win against the Minnesota Vikings the following week.

He finished the 2020 season with 4,169 passing yards, 24 touchdowns, and 11 interceptions.

After seventeen seasons, Philip Rivers announced his retirement from the NFL on January 20, 2021, saying, “It’s just time. It’s just right.”

He returned to Fairhope, Alabama, to become the head coach of the St. Michael Catholic High School football team.

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