This is a stupid strategy on a player that was so helpful for the team last season. Why not just tender him in a way that we could get a 2nd round draft pick as compensation? What a risk the team is taking on this one.
Here are the tender amounts for the different compensations: High tender is $2.879M (1st-Rd comp); Next is $2.023M (2nd-Rd comp); Then $1.323M (original draft rd).
Alexander has had injury problems up the ying yang, but he helped revitalize the offense when he joined the team. Philip Rivers trusted throwing the ball up to him.
This is risky!!!