Philip Rivers Net Worth, Salary, Contract (2020)

Philip Rivers Net Worth, Salary, Contract, Endorsements

What is Philip Rivers’ net worth and salary in 2020? See how much Rivers is worth, his NFL contracts, and other interesting facts.

Philip Michael Rivers (born December 8, 1981) is an American professional football player who plays in the National Football League (NFL) for the Indianapolis Colts. 

One of the experienced quarterbacks in the NFL, in the 17 seasons Rivers has spent in the league, he has established himself as an intelligent player. 

During his 16 seasons stints with the Los Angeles Chargers, Rivers achieved incredible feats. He lay claims to three NFL records (as of October 2020) and dozens of Los Angeles Chargers franchise records. 

On eight occasions, Rivers has been named to the Pro Bowl, most recently in 2018, and has led the league in touchdowns, passing yards, completion percentage, and passing ratings in various seasons. 

Despite the records and awards that he has accumulated in the league, Rivers is yet to claim a Super Bowl ring. Though claiming a Super Bowl ring ranks as one of the top things on his agenda, Rivers never does it at the expense of his team’s success.

The fact that the star who is closely approaching 40 still retained the starting quarterback spot in an NFL franchise speaks volumes about his abilities.

Career Highlights

  • NFL Comeback Player of the Year (2013)
  • 8× Pro Bowl (2006, 2009–2011, 2013, 2016–2018)
  • NFL completion percentage leader (2013)
  • NFL passing yards leader (2010)
  • NFL passing touchdowns leader (2008)
  • NFL passer rating leader (2008)
  • San Diego Chargers 50th Anniversary Team
  • NC State Wolfpack No. 17 retired

What is Philip Rivers’ Net Worth?

As of 2020, Philip Rivers’ net worth is approximately $80 million. 

For a player who has spent 17 seasons in the NFL, Rivers’ worth is not surprising. In his 17 years career, the majority of his $80 million fortune traces to salaries. 

In 2020, Rivers was rated the 88th highest-paid player in the Forbes’ highest-paid athletes list with an earning of $23.4 million. 

Of his $23.4 million earning, an endorsement deal with AdvoCare, his sole sponsor accounts for $400,000. 

As proven by his 2020 earning, Rivers’ fortune was primarily built by the lucrative contracts he has signed over the years. 

As he approached retirement age, Rivers has been looking beyond the league. But rather than leveraging on his experience and fame to earn more money, it seems Rivers has opted to coach a high school football team.

You May Like: Aaron Donald Net Worth

How Much is Philip Rivers’ Salary?

For the 2020 season, Philip Rivers will receive $25,000,000 in salary. 

His salary ranks him as the highest-paid quarterback in the NFL this season based on contract average salary. Rivers is currently on a one-year $25 million contract, with $25 million guaranteed. 

If he doesn’t retire at the end of the 2020 season, he’ll have to negotiate a new deal with the colts or enter into free agency.

You May Like: Highest-Paid NFL Players

Philip Rivers’ Contract History

After playing for four seasons at North Carolina State University, Rivers entered the 2004 NFL Draft and was chosen by the New York Giants as the fourth overall pick. 

He was then traded to the San Diego Chargers in a pre-arranged deal. In August 2004, he agreed to a six-year $40.5 million with the Chargers. 

As the expiration of that deal drew close, he penned a six-year-long contract extension with the Chargers worth $91.8 million. In August 2015, he penned a four-year $83.2 million contract with the San Diego Chargers. 

After his deal with the Chargers expired, he moved to the Indianapolis Colts, where he signed a one-year $25 million contract in March 2020. 

In his 17 seasons in the NFL, Philip Rivers has earned a total of $243,917,656 in salaries.

Charity & Philanthropy

In 2009, Philip Rivers and his wife, Tiffany, established a charity, Rivers of Hope Foundation, which focuses on providing permanent homes for orphaned, unwanted, and abandoned children. 

The charity has donated about $1 million to various charities involved in foster care. 

In 2019, Rivers and his wife began the ‘Change the Game™’ campaign, which focuses on raising awareness and funds for Type 1 Diabetes. The funds will be raised by a swimwear brand, which Rivers’ wife co-founded. 

Philip Rivers House & Cars

Philip Rivers currently resides in Indianapolis. Details of his abodes are not known to the public. 

He put up his mansion in San Diego for sale after he moved to the Indianapolis Colts. The estate, which covers 6,844 square feet, has six bedrooms, six bathrooms, a spa, a playhouse, a saltwater pool, a putting green, and a large yard. 

The house was listed for $4.2 million. 

Among Philip Rivers’ car collection is an SUV with a luxurious film room, which he bought in 2017. According to reports, the vehicle cost about $200,000.

Summary

Net Worth:$80 Million
Salary:$25 Million
Date of Birth:December 8, 1981
Age:38 years old
Nationality:American
Source of Wealth:American Football Player
Last Update:2020

You May Like: Top-20 Richest NFL Players Of All-Time

Final Thoughts

Philip Rivers’ net worth currently at $80 million is nothing but impressive.

Though he hasn’t realized his dream of winning a Super Bowl ring, he has not allowed that negatively impact his game and relationship with teammates. He continues to put his best performance in reaching for it.

Leave a Reply