Malcolm Floyd Attending Chargers Minicamp, May Sign Tender

Chargers WR Malcolm Floyd is one of several restricted free agents sitting out the Chargers offseason program. Floyd tells Kevin Acee of the San Diego Union-Tribune that the Chargers won't have to wait much longer for his arrival.

"I don't think there was anything more to gain by sitting out," Floyd said this morning.

The Chargers and Floyd's agent are talking over details, and Floyd could sign the one-year $3.168 million tender as soon as today and join the team for the final four coaching sessions involving veterans.

The other option for Floyd would be to sign an injury-waiver in order to participate in the minicamp.

Floyd is just one of several high-profile Chargers sitting out that haven't signed their respective tenders. The others include WR Vincent Jackson, LB Shawne Merriman and LT Marcus McNeil.

Floyd understands that he's at least second on the wide receiver totem pole when it comes to getting a long-term deal done.

"VJ is a Pro Bowl receiver," Floyd said. "They'll probably take care of him before me ... It's just a tough position for me. We took a chance. There's nothing I can really do about it. It's time to put it behind us and get ready for the season."

The other Chargers sitting out could see a reduction in their salaries. On June 15th, the Chargers can reduce the tender level to 110% of the 2009 salary. For McNeil, this means going from $3.168 million to $583,000 and for Jackson from $3.268 million to $600,000.

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