2. Jerick McKinnon
Jerick McKinnon is my favorite cheap running back option that the Chargers could sign this offseason. McKinnon still has not signed with a team, showing that his value is indeed as low as it was projected to be before free agency opened and he absolutely could be signed by LA.
I would predict McKinnon to have a similar ceiling as Jackson with a $2 million cap hit being the highest he could get. It is more likely that his cap hit is only in the $1.5 million range, leaving the Chargers plenty of money to still spend elsewhere.
Signing McKinnon with the intent of him being the RB2 with no backup plan could be a bit dicey. However, if the team lands a solid late-round running back like Ty Chandler and also brings in McKinnon to compete for the RB2 spot then the Chargers could be in great shape.
McKinnon has not done much in the regular season in recent years as he has been hurt and has not gotten much of a chance. However, despite the Chiefs being healthy, McKinnon got a bigger role in the playoffs in Kansas City and thrived.
In three playoff games with the Chiefs McKinnon picked up 150 rushing yards and 165 receiving yards, averaging 105 yards from scrimmage per game. He found the endzone once via a pass and averaged 11.8 yards per reception and 4.4 yards per carry.
McKinnon would be a great shifty, dual-threat back to have as a depth option for cheap in LA. If the Chargers really want to bolster the room and make it three-deep with solid options then signing him for cheap and drafting a running back might be the best route, assuming they hit on the draft pick.