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Loomis confident a Brees extension will happen

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Saints quarterback Drew Brees has a $30 million cap number for 2016, and a ton of leverage when it comes to the strategies for reducing it. Saints G.M. Mickey Loomis is confident that, eventually, a new deal with a more palatable cap charge for the current year is coming.

“We want Drew to be our quarterback this year, next year and the foreseeable future,” Loomis said Tuesday, via Alex Marvez of FOX Sports. “I know he feels like he’s got more years left in him. I would say we feel that way as well.”

Loomis also said “it’s not mandatory” that a new deal be executed before the start of the new league year on March 9. Still, that’s the point when the $30 million cap number kicks in, resulting in roughly 20 percent of the total spending amount being allocated to one player.

“We’ll get that worked out in a way that helps our team and obviously fits in with what he wants to do,” Loomis said.

If Brees wants to play for a competitive team, he’ll need to work with the Saints. Or maybe, alternatively, his position will be that it’s not his job to manage the team’s cap, and that his only obligation is to get paid as much as he can while he can.

It’s the American way, really. But when it comes to America’s new pastime, fans don’t like it when players do what they have to do maximize earnings.

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15 Responses to “Loomis confident a Brees extension will happen”
  1. 2dat says: Feb 17, 2016 6:49 AM

    Why doesn’t Flacco”s 28.6 million cap number get mentioned about it counting towards a large amount of the Ravens cap? I’d rather Brees ANY day of the week.

  2. abninf says: Feb 17, 2016 7:22 AM

    But when it comes to America’s new pastime, fans don’t like it when players do what they have to do maximize earnings.
    ======================================

    That’s because it affects the whole team. And in the case of Brees, 20% of total spending really hurts his team. Did you not think of that?

  3. conormacleod says: Feb 17, 2016 7:48 AM

    I think most fans understand a player needs to make as much as he can in the short term. But at $30 mil, he can go ahead and restructure that while his family can still be ok….for the next 20 generations.

  4. sb44champs says: Feb 17, 2016 8:25 AM

    Here we go with the Brees hate…again… Brees has been saying for the last 2 seasons that he is willing to restructure and minimize his cap figure but articles keep coming out implying the opposite to be true… Brees is one of the all time greats and deserves to one of the top paid QBs in this league. Saints will do a restructure that will benefit both the team as well as Brees…

  5. 4thqtrsaint says: Feb 17, 2016 8:37 AM

    There’s no villain here. The Saints owe it to Brees & he’s worth it. Two 7-9 seasons in a row would have been 2-14 with most QBs. Brees & his salary aren’t the problem. It’s bad FA signings & questionable drafting.

  6. ariani1985 says: Feb 17, 2016 8:45 AM

    Greed gate!

  7. doubleogator says: Feb 17, 2016 9:41 AM

    I trust Brees will do what he can to make things work with the cap…if he doesn’t he won’t be nearly as popular as he was yesterday.

  8. willycents says: Feb 17, 2016 9:43 AM

    Brees needs to do like Brady; put the team first. Play for $5MM a year, and contract with the team to provide water in the training room for $30MM per year. Oh, and go into business with a documented fraudulent felon.

  9. intrafinesse says: Feb 17, 2016 10:11 AM

    Here is a question for all you NFL fans –

    How much is Drew Brees salary in 2016? Around 30MM, right?

    Wrong. Its 20MM, which is pretty reasonable by todays QB rates. The extar 10MM is prorated signing bonus money that the team, not Brees, caused. The restructured his contract in teh past, to get cap relief at the time, pushing taht years salary into future pro-rated signing bonus cap hits.

    Brees wasn’t being Greedy, the team did this to themselves.
    If the Texans asked JJ Watt to restructure his 16MM salary into a base of 1MM with 15MM converted to signing bonus, payable over 3 years, they would be faced with a 21MM cap hit the next year. Would you accuse JJ Watt of having ripped off the club?
    No.

    The Saints have bene poorly managed for years and now teh bill is coming due. They had to get rid of Jimmy Graham because they couldn’t pay him. They shouldn’t have signed Jarius Byrd either with their cap problems.

  10. intrafinesse says: Feb 17, 2016 10:12 AM

    >>I think most fans understand a player needs to make as much as he can in the short term. But at $30 mil, he can go ahead and restructure that while his family can still be ok….for the next 20 generations.

    Restructureing wont help, there isn’t much time left in his contract. The only exit is a contract extension. And Brees may want 24MM/year, so it won’t help much.

  11. intrafinesse says: Feb 17, 2016 10:14 AM

    >>willycents says:
    Feb 17, 2016 9:43 AM
    >>Brees needs to do like Brady; put the team first. Play for $5MM a year, and contract with the team to provide water in the training room for $30MM per year. Oh, and go into business with a documented fraudulent felon
    —————————————-

    Why should Brees give up so much money? Heck, for 5MM he could go to Denver and have a realistic chance of another ring. For 5MM, he’d free up 14MM for Denver and they’d be able to keep more players.

    As for working for 5MM, I’ll bet Cleveland would gladly pay him 24MM/year. He’d make them competitive and they might make the playoffs.

  12. steelerben says: Feb 17, 2016 10:29 AM

    The Saints will do what every other team in the NFL does with a contract for a star player: They are going to extend him, change salary to signing bonus, ease the cap hit now, and worry about the repercussions later.

    Let’s be honest, when Brees retires New Orleans will have at least one season where they are not going to compete. Might as well dump the dead money into those seasons while you’re rebuilding in the draft.

  13. purpleguy says: Feb 17, 2016 11:43 AM

    They each have no choice but to kick the can further down the road and restructure/extend; otherwise, they won’t be able to field a competitive team.

  14. sb44champs says: Feb 17, 2016 3:14 PM

    They had to get rid of Jimmy Graham because they couldn’t pay him
    ========================
    No, they would’ve gladly paid him but insiders confirmed he was let go because he was too soft to block… Paid way too much to be a one-dimensional TE that Saints had to bench on running plays… Saints received 2 starters in Max Unger and Stephone Anthony and got the better end of the trade with Seattle by a mile. Seattle would most definitely NOT make the trade if given the chance for a do-over LOLOL

  15. fanofpft says: Feb 17, 2016 7:07 PM

    At this rate the amount of millions will be matching his age soon.

    I heard 4 years ago he signed a 100M deal. Yet when a 2nd tier QB gets the same now most commenters on here lose it.

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