Sports

Drew Brees Signs Record Contract with New Orleans Saints

By Michael David Smith, NBC Sports

Drew Brees Signs Record Contract with New Orleans Saints

July 13, 2012 Updated Jul 13, 2012 at 7:41 PM PDT

As a tumultuous offseason heads toward training camp, the New Orleans Saints finally have some good news: Drew Brees’ deal is done.

Brees, the franchise quarterback who was absent all offseason after he and the Saints couldn’t come to terms on a new contract, has agreed to sign a five-year, $100 million deal, according to ESPN’s Chris Mortensen.

Mike Florio has confirmed the news.

The deal includes $40 million in the first year and a guaranteed $60 million in the first three years of the contract. That’s the biggest guarantee for any contract in NFL history. After protracted negotiations, Brees has done very well for himself.

Florio also has confirmed the numbers, adding that there are $22 million more in “rolling” guarantees as the contract unfolds.

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