Philip Rivers signs with Colts: Contract details, salary and more

Hayden Victoria

Philip Rivers signs with Colts: Contract details, salary and more image

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Philip Rivers’ 2025 return to the Colts is on a practice-squad contract that pays him a weekly rate in line with veteran minimums, not a big, fixed multi‑year deal.

Veterans on the practice squad in 2025 earn between roughly $17,500 and $22,000 per week under the NFL’s tiered practice‑squad pay system.​

Phillip Rivers returns to the Indianapolis Colts, and the contract details of his return.

Rivers has agreed to join Indianapolis’ practice squad after coming out of a five-year retirement at age 44, giving the Colts experienced insurance following an injury to starter Daniel Jones. The agreement is classified as a practice-squad contract, which means week-to-week pay and easy elevation or release, rather than guaranteed multi‑year money.​

Practice-squad salaries for players with more than two accrued seasons fall into a veteran scale that ranges from about $17,500 to $22,000 per week in the 2025 league year. 

If Indianapolis elevates him to the 53-man roster, his pay would shift to a standard veteran active-roster rate, and his Hall of Fame eligibility clock would reset if he appears in a regular-season game.​

In 2020, Rivers signed a one-year, fully guaranteed $25 million contract with Indianapolis, including a $12 million signing bonus and $13 million base salary.

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