Chris Mortensen has just reported that Drew Brees and the New Orleans Saints have agreed to a five-year contract worth $100 million. The deal includes $60 million in guaranteed money for the first three years. Mortensen also talks with Scott Van Pelt about Brees' new deal.
My first reaction is the Saints did what they had to do. They signed the face of their franchise and the leader of their team. Brees earned that contract and the Saints will need him more than ever as they head into a unique season.
But, given the fact these are pretty much the same numbers that have been thrown around for months, it makes me wonder why this deal didn’t get done a long time ago. The Saints could have made the offseason a lot less painful and nerve- wracking for their fans. But the flip side to that is general manager Mickey Loomis had to work this deal from a business angle and structure it so it doesn’t ruin the Saints’ salary cap over the next few years.
I’ll be back with more analysis on the Brees deal in a bit.