Drew Brees and the Saints argree to a record deal.
Written by Adrian Gregory Glover // July 13, 2012 // NFL // No comments
The Saints and their QB Drew Brees are finally done playing their game of chicken according to reports.
The QB that beat Dan Marino’s single-season passing yards record has agreed to a five-year $100 million dollar deal.
Brees has been guaranteed a record $60 million dollars with $40 million dollars of that coming in 2012 according to ESPN.
This is the payday that Brees has been waiting for and somewhere his agent Tom Condon is doing the two-step because he gets a percentage of this deal.
Next season the Saints do have the option to waive Brees for a 72-hour period of time. If they hold onto him Brees will earn an extra $15 million dollars.
Yes that means Drew Brees will probably rake in $55 million dollars within the next 365 days.
The same waiver rules apply moving forward although the numbers decline to as little as $5 million dollars in 2014 with an additional base salary of $1 million dollars.
As gaudy as it may seem for Brees to net an average of $20 million dollars a year while the team struggles with cap issues and other problems, the Saints had to make this move to prevent further distractions.
GM Mickey Loomis said that he would get it done and he was almost running out of time as Monday’s deadline for a long-term deal was moving in with the quickness.
