Malcom Floyd was in a contract year this year and only making 2 million dollars. When I heard the Chargers had signed him to a 3 year extension, I was worried they overpaid. Yes, he’s the #1 receiver by default right now, but he’s never really proven he can be a consistent top option, even with an elite quarterback throwing him the ball. He’s also missed 9 games in the last 2 years and is already 31 years old.
However, then I found out this deal pays him just 11 million over 3 years with 8 million guaranteed. How the hell did they do that? This is their #1 receiver. He’s an underrated player who has produced when healthy, catching 125 passes for 2196 yards and 12 touchdowns in his last 34 games, just over two seasons.
He’s had some issues with his consistency and with injuries and he’s not getting any younger and I’ve always felt he was a marginal receiver being made more productive by a great receiver and he’s not a big YAC guy, but this is a bargain for him. This 3 year deal pays him less than the 13.5 million dollar one they gave to Eddie Royal and is less than half the size of the 4 year, 25.9 million dollar deal they gave Robert Meachem. Floyd has almost double the yardage those two have combined (121). Those two are overpaid, but this is still a bargain and given that the other two aren’t very good, they had to lock him up going in a contract year.