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Sources: Drew Brees, Saints agree

Updated: July 13, 2012, 10:13 PM ET
By Chris Mortensen | ESPN

Drew Brees and the New Orleans Saints have reached an agreement on a five-year, $100 million contract that includes a first-year take in 2012 of $40 million, according to league, players' union and team sources.

For all practical purposes, the guaranteed money is considered by all parties involved to be an NFL-record $60 million, though there are contractual, but unlikely, outs for the Saints before he would receive all of that sum.

The accord was struck Friday morning ...

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