The New Orleans Saints and quarterback Drew Brees have been going back and forth over contract talks for the last few months. Now it looks like the two sides have finally reached an agreement that will keep the quarterback in New Orleans for the next two seasons.
ESPN’s Ed Werder reported that Brees’ extension is five years, but it automatically voids to two. The deal includes $44.25 million in guaranteed money. The way the deal is structured will allow the team spread the cap hit out over the next five years.
Drew Brees extension will be 5 years but automatically voids to two. Committed to Saints this year and next only for $44.25M guaranteed
— Ed Werder (@WerderEdESPN) September 7, 2016
The Saints’ cap number will now drop from an NFL record $30 million to just $17.25 million in 2016. This is big for the team as they will be able to use that money in free agency next year.
According to source, Drew Brees cap number with extension reduced from NFL-record $30M to $17.25M.
— Ed Werder (@WerderEdESPN) September 7, 2016
“I’ll be here as long as they’ll have me,” Brees said Wednesday after signing his new deal.
Brees has spent the last ten years with the Saints and he has led the NFL in passing yards six times, including four of the last five years. He has over 48,000 yards and 152 touchdowns in that span and led the Saints to their only Super Bowl championship in 2009.
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