Contract details
The Colts and Rivers reached on a one-year deal worth $25 million, which is fully guaranteed. Indianapolis currently has Jacoby Brissett under contract for one more year as well with a cap hit of just over $21.3 million. With this signing, Rivers becomes the 12th highest-paid quarterback in the NFL.
While the money value makes sense, Drew Brees of the Saints earlier today signed a two-year, $50 million deal, this is only for one year. With Brissett and Rivers both having a year left on their deals, the long-term plan at quarterback is unanswered as of now. The draft is still to come for Indianapolis if they chose to draft a rookie quarterback.