According to Alex Marvez from Sporting News, the Chargers are set to give Jahleel Addae a new four-year contract - and it's not a very team-friendly one.
Not sure if out there but source tells @sn_nfl that new 4-year deal signed by S Jahleel Addae with @chargers worth $22M with $8M guaranteed— Alex Marvez (@alexmarvez) March 8, 2017
Even as the resident Jahleel Addae defender here on BFTB, I can't justify paying him that much money. According to Spotrac, this deal will make Addae the 18th highest paid safety on a per annum basis in the league, as he's set to earn $5.5m per year on average. It's really not that difficult to think of 17 better safeties in the league than Addae.
Remember Eric Weddle, and the Chargers refusal to pay him big money? Weddle was one of the best safeties in the league last season, and Addae's new contract means that Weddle is only earning $1m more per year than Addae is.
This move makes absolutely zero sense from a financial perspective. The Chargers let Weddle walk because of his age and because they supposedly don't value the safety position - only to turn around and give a similar deal to a much worse safety with a terrible injury record who'll be 31 when this deal runs out.
After franchise tagging Melvin Ingram, the Chargers were in a very tight position with the salary cap. Cutting Flowers, Fluker and Stevie Johnson yesterday helped alleviate some of that pressure, only to tighten the screw right back by overpaying Addae. This is a team who could have done with spending big in Free Agency to try and make a push back towards the playoffs; instead, it looks like they'll be content to overpay their own and go digging back through the Colts trashcan to see what they can find on the cheap.
UPDATE: This situation is not quite done yet. Per Alex Marvez via Twitter:
Update: Initial $$ info on new Jahleel Addae contract with @Chargers from NFLPA database was listed incorrectly. Situation still pending.— Alex Marvez (@alexmarvez) March 8, 2017