The Saints have expressed confidence that they will get an extension done with quarterback Drew Brees that both ensures he’ll remain in New Orleans beyond the 2016 season and that the team will lower Brees’ cap hit from $30 million.
General Manager Mickey Loomis has said that it isn’t mandatory to get that cap reduction before free agency opens on Wednesday afternoon and it doesn’t sound like there’s much chance that will happen. Brees’ agent Tom Condon was a guest on the Rich Eisen Show on Tuesday and said that talks are expected to happen at some point down the road.
“The club had the right to renegotiate for cap purposes during the life of the contract and has done that, which pushed the cap number to $30 million this year,” Condon said. “That’s where it stands right now. I’m guessing that we’ll probably have some conversations with the Saints in the next couple weeks or so.”
Condon added that he thought the Saints could live with the $30 million cap hit for this season and they could make other moves to create cap space, but the team doesn’t have a lot of it to use on a leaky defense a few hours from free agency.