Drew Brees, New Orleans Saints agree on five-year, $100M deal

Drew Brees and the New Orleans Saints agreed on a five-year, $100 million contract, NFL Network's Michael Lombardi reported Friday.

Brees' contract is worth $40 million in the first year and includes $60 million in guaranteed money, a source with direct knowledge of the situation told Lombardi and NFL.com's Albert Breer.

The quarterback's new deal is worth an average of $20 million per year, making it the richest in the NFL based on average annual salary, and includes a $37 million signing bonus. With the bonuses counting against the cap on a pro-rated basis over the life of the contract -- $7.4 million per year in Brees' case -- he will only count $10.4 million against the cap in 2012.

Greg Bensel, the Saints vice president of communications, confirmed the deal later Friday via his Twitter account, though he did not mention financial terms.

This article has been reproduced in a new format and may be missing content or contain faulty links. Please use the Contact Us link in our site footer to report an issue.

Related Content

Gamepass_vert_web_r

See all the Action

Replay every game all season.