There is word going around that San Diego Chargers QB Philip Rivers has restructured his contract for this season in order to open up some cap relief for this season. They cut his $12M base salary to $7M with a $5M signing bonus. This is the only source that has put that information to the public so far though:
Chargers QB Philip Rivers restructured his contract. Cut $12M base to $7M, received $5M signing bonus. Move creates $6.7M in 2013 cap space
— Brian McIntyre (@brian_mcintyre) September 6, 2013
The Chargers could be making room on the salary cap in order to sign Donald Butler to a long-term deal. The two sides have been working on a contract during the offseason. There have been a couple of middle linebackers, Brian Cushing and Sean Lee, that have been locked up this offseason. This could be the Chargers time to strike a deal with their middle backer.