As soon as I finish reading Kevin Acee's article about Eric Weddle being the Chargers #1 priority today, the Silver Fox himself tweets that Weddle has agreed to a new deal to remain with the Chargers:
Eric Weddle has agreed to terms. He's back with Chargers.
Weddle, who has arguably been the glue to the Bolts defense since becoming a starter three years ago, was the most high profile unrestricted free agent (besides Vincent Jackson, who was tagged as a franchise player) for San Diego and had been in talks with both the Minnesota Vikings and Jacksonville Jaguars. Now that he has agreed to stay, the Chargers four DBs (Weddle, Bob Sanders, Quentin Jammer and Antoine Cason) can get to camp and begin working together.
The only defensive players left that remain unsigned and are expected to be starters are Kevin Burnett (who is reportedly asking for too much money) and first-round draft pick Corey Liuget.
Update: While we wait around for details of the deal, news has come out that Weddle is now the highest paid Safety in NFL history. Kevin Acee was saying this morning that he expected the terms to be around $30 million for 4 years. I believe this could be the right deal, because previous high water marks for Safety deals include Kerry Rhodes (5 years, $33.5 million), Ed Reed (6 years, $44.4 million). So at least on a per-year basis, Weddle would be higher.
Update 2: We now know that Weddle has signed a 5-year deal worth $40 million. $19 million of that is guaranteed. $14 million of the $19 million guaranteed will be paid out this year alone. That's not a lot of money guaranteed in the grand scheme of his overall deal, so one can assume the contract is incentive-laden.