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Philip Rivers’ “new money” is $21 million per year

Philip Rivers’ “new money” is $21 million per year

The four-year extension signed by Chargers quarterback Philip Rivers reportedly is worth $84 million. Which means that he’ll earn $21 million per year in “new money.” That’s $900,000 per year less than the $21.9 million annual “new money” earned by Seahawks quarterback Russell Wilson. But the total value of the contracts over the next five…