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Drew Brees deal “all but done”

NEW ORLEANS, LA - SEPTEMBER 01: Drew Brees #9 of the New Orleans Saints throws the ball during the first half of a preseason game against the Baltimore Ravens at Mercedes-Benz Superdome on September 1, 2016 in New Orleans, Louisiana.  (Photo by Jonathan Bachman/Getty Images) Getty Images

Last night, it was close. Now, it’s nearly complete.

A source with knowledge of the situation tells PFT that a new deal between the Saints and quarterback Drew Brees is “all but done.” An agreement in principle, along with details regarding the terms, are expected soon.

Brees initially signed with the Saints in 2006. After the six-year, $60 million contract expired, the team applied the franchise tag. That later  became a five-year, $100 million contract. Brees has fulfilled four of the five years, making $80 million more along the way.

Some have suggested that the new deal will be shorter in nature than most quarterback extensions, which benefits Brees by not giving the team the ability to squat on his rights during the non-guaranteed outer years of the contract. At age 37, it’s unclear how much longer he’ll be able to play at a high level; if he continues to do so, he can follow this contract with another one.

For the Saints, the risk becomes making a commitment of guaranteed dollars that extends beyond the point at which Brees experiences the inevitable decline that every quarterback eventually will face. At some point in the next decade, Father Time is going to win. The question is whether Brees could maybe get through as much as half of the next decade before the old man with the long beard begins to pull ahead.

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42 Responses to “Drew Brees deal “all but done””
  1. kcchefs58 says: Sep 7, 2016 10:55 AM

    They’ll find a lot of high quality free agents the week before the regular season.

  2. donbat67 says: Sep 7, 2016 10:57 AM

    YEAH !!!! More Advocare for everybody , but remember you have to get 2 people who have to get 2 people who have to get 2 people and on and on for the pyramid to work .

  3. eazeback says: Sep 7, 2016 10:59 AM

    it’ll b a 4 yr deal for around 65 mil

  4. a1b24312 says: Sep 7, 2016 10:59 AM

    It was a brees to get done.

  5. jackedupboonie says: Sep 7, 2016 11:04 AM

    Great news!!! Now the aints can strive for 5 this season

  6. areyouseriousrofl says: Sep 7, 2016 11:05 AM

    eazeback says:
    Sep 7, 2016 10:59 AM
    it’ll b a 4 yr deal for around 65 mil

    ——————————————————————–
    I’d be happy if it’s 3 years 65 mil – but trust me it will be more than that – more like 3 years $73 mil.

  7. steviaquinn says: Sep 7, 2016 11:11 AM

    as a falcon fan, lol….just lol. So glad Brees is on the Saints

  8. doubleogator says: Sep 7, 2016 11:12 AM

    Another bad move…

  9. eazeback says: Sep 7, 2016 11:12 AM

    I’d be happy if it’s 3 years 65 mil – but trust me it will be more than that – more like 3 years $73 mil.

    ——————————————————
    well they should’ve let him play this yr out and possibly move on then…entirely too much to invest as their not going to the super bowl in either of those 3 or 4 yrs

  10. sbchampsagain says: Sep 7, 2016 11:13 AM

    And the Saints will continue to not be able to pay anyone else on the roster good money.

  11. nflgtcfl says: Sep 7, 2016 11:24 AM

    The team is not a contender, and Brees will start to fade due to age and a bad line.

    Should trade him and start over.

    Being on the treadmill of mediocrity and missing the playoffs, but doing well enough for a lower draft pick never works out well.

  12. bigdawgdaddy says: Sep 7, 2016 11:24 AM

    With this the ‘Aints have pretty much told their bandwagon fanbase they will be unable to sign any quality free agents, and (if they had any besides the quickly declining Breed) they won’t be able to resign their own free agents.
    Good luck even being mediocre Who Dat Nation

  13. jackedupboonie says: Sep 7, 2016 11:26 AM

    I have this ex, she pedals one of the known Ponzi style self betterment products……and her cluster of buddies who all sell one or another of similar products, spend more time recruiting people lower on their branch than they do trying to sell the garbage.

  14. classclown71 says: Sep 7, 2016 11:28 AM

    Talk about one guy holding a team hostage…

  15. boisestatewhodat says: Sep 7, 2016 11:29 AM

    Stevia…you like how he’s torched your team for a decade? Falcons are Saints lil brutha. Falcons have beat the saints like 4 times out of the past 20. This year will be no different. Get ready for another top 5 offense…just like its been every year for the past decade.

  16. Modern Day Einstein says: Sep 7, 2016 11:32 AM

    Old QBs are going to become more important.

    Young QBs are stupid. College coaches want to keep their jobs, so they emplace offensive systems designed to take advantage of underdeveloped defensive brains.

  17. cannonballdookie says: Sep 7, 2016 11:37 AM

    Well they’re set up to have the worst defense in the league yet again and not really a point in signing him now. They can’t use any of those cap savings at this point.

  18. joemontanawasthegreatest says: Sep 7, 2016 11:40 AM

    Finally the man is getting paid, he has suffered for too long.

  19. lingsun54 says: Sep 7, 2016 12:03 PM

    Give him $80 million. Cut anybody who can play. Replace them with minimum salary players. Brees doesn’t care about winning. It’s all about getting as much money at the expense of his teammates as possible. Nothing says “team player” like a selfish QB.

  20. psj3809 says: Sep 7, 2016 12:26 PM

    How much money do these players want ?

    If I made 80 million the last 4 years I doubt I would be that fussy about my ‘final’ contract with the team.

    He’ll never be able to spend all that money hes earnt, yet i bet this new contract will be another huge 3 year 60 mill deal or something

  21. hugeheavywoman says: Sep 7, 2016 12:34 PM

    Terrible deal for Brees. He isnt getting much more than Brock Osweiler.

  22. donatocha33 says: Sep 7, 2016 12:39 PM

    Pay the man…. It’s not like they need to spend money on the abysmal defense right???

  23. dutar76 says: Sep 7, 2016 12:44 PM

    Some of the most ridiculous comments on this or anyother subject I’ve read in a while. First, Brees will not sing 4 year 60 mil contract. That’s 15 mil/year and there’s back-up QBs making more that that. Second, moving on from Drew before having a young QB in the bullpen ready to take over for him is a terrible plan. In this league, if you want a starting caliber QB, you’ve got to figure on 20 mil/year min. Lastly, the Saints defense is not poised to be the worst in the league yet again… They’re actually doing it the right way. Balance between affordable veterans and grooming affordable draft picks. Go look at any team’s roster-cap. UDFA’s that can play at the pro level make or break your team. And one more thing, Brees isn’t just plain greedy, and Tom Brady isn’t taking pay cuts for the team. He’s restructured to make space yes, but then the patriots extended him at 20.5 mil a year.

  24. gridironmike says: Sep 7, 2016 1:09 PM

    steviaquinn says:
    Sep 7, 2016 11:11 AM

    as a falcon fan, lol….just lol. So glad Brees is on the Saints
    _________________________________

    Not sure what the laughter is about. As a Saint, Brees is 16-4 against the Falcons. As a Saints fan, I’m glad Brees is on the Saints, too. Lol.

  25. scoocha says: Sep 7, 2016 1:17 PM

    Headline after this signing:

    Saints future playoff chances all but done.

  26. uglydingo says: Sep 7, 2016 1:17 PM

    The greediest player in the NFL wants his money (and he’s 37 years old). Where Brady took lower payments so New England had money for other players, Drew Brees has a reputation to uphold. The team has been in cap hell for years and forced departures like Jimmy Graham. It will be interesting to see how much he agrees to. My bet is that Drew doesn’t do discounts.

  27. jasons81 says: Sep 7, 2016 1:23 PM

    Falcons fans trash talking the Saints extending Brees… LMAO!

    You do realize your QB is Matt Ryan don’t you?

    Now let that thought settle in a bit and see if you’re still so eager to talk crap about Brees.

    And to the guy who predicts 4 year/$65mil… uh no… just stop.

    Yeah I see him taking less than Osweiler… yes that makes sense.

  28. Grulks says: Sep 7, 2016 1:44 PM

    dutar76 wrote:
    “That”s 15 mil/year and there’s back-up QBs making more than that. ”

    Either you are misremembering or you are severely confused. The only “back-up” qb making that much is Kaep. And Kaep really isnt a traditional back-up, he’s a starter that lost his job to injury. He really still isnt healthy.

    No other back-up qb comes close to $15M/year

  29. scoocha says: Sep 7, 2016 1:53 PM

    Oh man, a Boise State and Saints fan, yikes. What a terrible person they must be. Football fan since 2009 no doubt too.

  30. scoocha says: Sep 7, 2016 1:54 PM

    Oh man, a Boise State and Saints fan, yikes. What a terrible person they must be. Football fan since 2009, no doubt too.

  31. JSpicoli says: Sep 7, 2016 1:57 PM

    Mack and Irvin will help him celebrate this Sunday.

  32. sb44champs says: Sep 7, 2016 1:59 PM

    Loomis restructured Brees deal a while back making it the 30M cap hit you see today. Brees original cap hit for 2016-17 was 20M. Loomis essentially kicked the can down the road and Brees gets blamed for it SMH

  33. silverhat78 says: Sep 7, 2016 2:01 PM

    This is why this team is in cap hell and struggles every year since the Super Bowl win years ago. They cannot pay any more good players to join the team. Brees is sure milking the Saints for all their worth. Not good as he is greedy and wants money over wins and another Super Bowl.

  34. jag1959 says: Sep 7, 2016 2:14 PM

    silverhat78 says:
    Sep 7, 2016 2:01 PM
    This is why this team is in cap hell and struggles every year since the Super Bowl win years ago. They cannot pay any more good players to join the team. Brees is sure milking the Saints for all their worth. Not good as he is greedy and wants money over wins and another Super Bowl.
    ________________

    I am a Giants guy but this and all the statements like it are simply nit true. Year in and year out Brees is among the best in the business Brees’ contract that has carried hits of 10.4M, 17.4M, 18.4M and only last year went over 20 to 23.8M has hardly crippled a team that is carrying $33m in dead money this year after getting clipped for $34M last year and $16.4M the year before. It’s not what they have paid Brees for being there that has hurt them, it’s what Loomis spent on guys that are not.

  35. whatnojets says: Sep 7, 2016 2:33 PM

    2 years/100 million. You saw it here first

  36. lowercasejay says: Sep 7, 2016 2:37 PM

    I’d be happy if it’s 3 years 65 mil – but trust me it will be more than that – more like 3 years $73 mil.

    ——————————————————
    well they should’ve let him play this yr out and possibly move on then…entirely too much to invest as their not going to the super bowl in either of those 3 or 4 yrs

    ________________________

    Because it is so easy to find a Brees-caliber QB in the draft these days. You hang on to a franchise QB until the end because there is no guarantee the next 10 years you won’t be awful.

  37. haywoodjablomey says: Sep 7, 2016 2:52 PM

    With or without Brees, the Saints are NOT playoff bound. Old circus turf just can’t produce outside, and that’s a fact.

  38. nhpats says: Sep 7, 2016 2:59 PM

    dutar76 says:
    Sep 7, 2016 12:44 PM
    Second, moving on from Drew before having a young QB in the bullpen ready to take over for him is a terrible plan.

    ————

    What is the difference? The Saints are a last place team in any case….

  39. sportsarepredetermined says: Sep 7, 2016 3:06 PM

    Brees and the Saints will go 14 – 2 in the regular season and possibly be the number one seed in the NFC and probably end up losing to Minnesota in the NFC Championship game and Brees will break passing records along the way so I would say this year will be a good year for him.

    Screen shot the post and look back at it a the end of the regular season and then the playoffs and know that this league is rigged and or predetermined.

  40. pftstory says: Sep 7, 2016 3:19 PM

    I would think you reach a point where the only life change that comes from maximizing your contract is your ego feels good.
    What was the math? $140 million earned so far? How much of that is sitting in the bank? Surely more then he and his grandkids could spend.

    I’m surprised the ego means more then championships so often.

  41. nhpats says: Sep 7, 2016 3:20 PM

    The headline should have read:

    “Drew Brees – All but Done”

  42. sb44champs says: Sep 7, 2016 3:23 PM

    Old circus turf just can’t produce outside, and that’s a fact.
    =========================
    Ties Super Bowl record with 32 completions and named Super Bowl MVP and threw for 288 yards and 2 touchdowns OUTSIDE

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