San Diego Chargers Sign WR Malcom Floyd to Three-Year Extension

Malcom Floyd, the Chargers current number-1 Wide Receiver — number-2 Wide Receiver if you factor in Antonio Gates — has just signed a three-year contract extension with the San Diego Chargers. Floyd was set to become a free agent at the end of this season, and the Chargers didn't want to see him walk away like they saw with Vincent Jackson.

If you'll recall, Malcom tested the Free Agency waters prior to the 2011 season, and the rumors were that he was set to join the Baltimore Ravens before the Chargers swooped in and snapped him back. Guess A.J. Smith didn't want to see something like that happen again.

Floyd has had some injury issues in the past, as he's not played a full season since 2009 when he played 16 games, starting in 9 of them. In fact, in each of the last 3 seasons (2009 included) Malcom has only started in 9 games. So far this year he has been healthy and looked good in his first two games, but struggled a bit in game three. But then again so did the rest of the offense.

The deal is worth nearly $12 million, and includes escalators that could bring that total to $14 million.