The New Orleans Saints and long-time quarterback Drew Brees are close to coming to terms on a contract extension, according to a report from Pro Football Talk on Tuesday. Brees’ current deal expires at the end of the season, and though earlier in the offseason it was reported that the two sides weren’t talking much, it seems that has changed.
Shortly after PFT’s report, Ed Werder of ESPN chimed in and suggested that he’d heard the same thing.
Brees has said all along that he will not negotiate into the season though. That means the deadline to get a deal done, if Brees sticks to what he said, is Sunday’s season opener against the Oakland Raiders.
This season, Brees will count $30 million against the salary cap, nearly 20 percent of the available funds the team has this year. It’s a massive amount, and it’s likely one of the goals of these contract talks will be to reduce that figure while giving Brees multiple years.
It will be interesting to see how long a contract he gets, as he is 37 years old. He’s still playing at a very high level, however, and himself said he plans to play at least five more years in the NFL. Whether that will be born out or not, look for Brees to get paid the market price of franchise quarterbacks, which judging by Andrew Luck’s deal is in the range of $24 million per season.
This will likely be the last contract Brees signs, barring any small adjustments made via restructuring over the next few years. It’s just a matter if the Saints can get the deal done while Brees is still listening, or if there is actually a chance he’ll hit the open market next offseason.