Quarterback Drew Brees and the New Orleans Saints agreed on a five-year contract. A person familiar with the deal said it is for $100 million, with $60 million guaranteed.
NEW ORLEANS — Drew Brees and the New Orleans Saints reached a deal on par with the quarterback’s record-setting play.
Team officials announced Friday they had agreed to a five-year contract with Brees. A person familiar with the deal said it is for $100 million, with $60 million guaranteed.
Brees’ $20 million average annual pay is the highest in league history.
He said, “I can tell you from the start of this negotiation, I have not thought once about, ‘Hey, I want to be the highest-paid guy or what have you.’ … It was more about trying to look truly, just objectively, at the numbers the last decade for a top-tier quarterback and where it has been and where it is going and just trying to do what is fair and justified.”
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Brees will make $40 million the first year, a source told The Associated Press on condition of anonymity because financial details had not been publicly announced.
Brees, 33, posted a note on his Twitter page reading, “Deal is Done! Love you, Who Dat Nation. See you soon!”
Brees had been tagged as the Saints’ exclusive franchise player and could not negotiate with other teams. Had a deal not been reached, the tender for a quarterback was worth $16.3 million. Brees would have had to play for that amount or hold out for a better one-year deal, which would have left his long-term future in New Orleans uncertain.
Last season, Brees set league records with 468 completions, 5,476 yards passing and a completion percentage of 71.2.
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