Los Angeles Chargers owner Dean Spanos is guaranteeing a new contract for Philip Rivers.

"It's going to happen; it will happen," Spanos said. "We have an understanding, as long [Rivers] wants to be here, we want him here. We love Philip Rivers. You can't say enough great things about him. I don't think the contract issue is a big thing for us or for him."

Rivers, 37, has one year remaining on his contract, paying him $11 million in base salary this season and counting $23 million against the salary cap.