The Chargers and wide receiver Travis Benjamin have agreed to a one-year extension through 2020, according to Field Yates of ESPN.com (on Twitter). The new pact includes a $3MM signing bonus while lowering his 2019 base salary from $5.25MM to $1MM. 
The deal is mutually beneficial. The Chargers gain $2.75MM in salary cap relief while keeping Benjamin under contract for another season. Meanwhile, Benjamin gets a $3MM guarantee for the upcoming year, giving him some security as he enters a season with a non-guaranteed base salary.
Benjamin, 30 in December, was hardly used in 2018. He finished out with just 12 catches for 186 yards and one touchdown, a far cry from the 69/966/5 line he produced with the Browns in 2015. Statistically, he’s regressed in each of his three Chargers seasons, but things could change this year after the club lost Tyrell Williams to the rival Raiders in free agency.
Things could change after the draft and the later stages of free agency, but, for now, Benjamin is primed to serve as the Bolts’ No. 3 WR behind Keenan Allen and Mike Williams.