Philip Rivers Free Agency Odds: Colts Favored to Sign Rivers

Philip Rivers Free Agency Odds: Colts Favored to Sign Rivers article feature image
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Jayne Kamin-Oncea/Getty Images. Pictured: Philip Rivers

Philip Rivers Free Agency Odds

  • Indianapolis Colts: -195
  • No Team/Retired: +380
  • Tampa Bay Buccaneers: +650
  • Las Vegas Raiders: +750
  • Chicago Bears: +1600
  • Miami Dolphins: +1900
  • Carolina Panthers: +3500
  • New England Patriots: +3500
  • Washington Redskins: +3500
  • Los Angeles Chargers: +10000

Odds as of Monday morning and via FanDuel. Get up to a $500 risk-free bet at FanDuel today or see more offers and reviews for the best online sportsbooks.


Philip Rivers officially hits the 2020 NFL free agency market on Monday at noon ET, joining Tom Brady and a slew of other available veteran quarterbacks.

Matthew Freedman — Editor-in-Chief of FantasyLabs and co-host of The Action Network’s Sirius XM Fantasy Sports Radio show — highlighted how he’s betting the free-agent QB market heading into the negotiation period. Find his Rivers pick below.

Philip Rivers Free Agency Pick

Matthew Freedman: I expect that Rivers will land with either the Colts or Bucs.

With the Colts, Rivers could reunite with Frank Reich, who was first Rivers’ quarterbacks coach and then offensive coordinator with the 2013-15 San Diego Chargers.

Frank Reich-Philip Rivers
Orlando Ramirez/Icon Sportswire via Getty Images. Pictured: Frank Reich and Philip Rivers in 2014

With the Bucs, Rivers would get to work with Bruce Arians and throw to Mike Evans and Chris Godwin. And in Rivers, the Bucs would get a slightly less interception-prone version of quarterback Jameis Winston.

Although the odds suggest that Rivers is much likelier to sign with the Colts than the Bucs, I think in reality their odds are much closer. Between the Colts and Bucs, it’s hard to say that one has a real edge over the other.

And since the -180 odds for the Colts imply that they have a 64.3% probability of signing Rivers, I won’t bet it. But I do see value in the 11.8% implied probability in the +750 odds for the Bucs.

PICK: Buccaneers +750 (0.5 units. Limit: +650)

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