AP Source: Drew Brees agrees to $100 million deal

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NEW ORLEANS (AP) -- Drew Brees has agreed to a five-year, $100 million contract with the New Orleans Saints, with $60 million guaranteed, said a person familiar with the deal.

Brees and the team Friday reached the agreement, which will pay the quarterback $40 million in the first year, the person told The Associated Press on condition of anonymity because the contract had not been publically announced.

The Saints announced they had reached a five-year deal with Brees but did not release financial details of the contract.

Brees 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......................

AP Source: Drew Brees agrees to $100 million deal - Yahoo! Sports
 
Dang. If I would have just been good enough to sign a one year deal.....I'd still be living on easy street. Ohhhhh what could have been.

But, congrats to Drew and Who Dat Nation.
 
Wonder if they had to take money out of the "bounty pot" to pay him the big bucks,lol...JK Loon.
Some comedian at the Espy Awards made a good joke about the Brees contract.

"If only the Saints had some sort of fund that they could pull extra cash from to reward people for doing things on the field," Riggle cracked as Brees looked down from his seat, and the crowd roared.
 
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