Feb 7, 2010; Miami, FL, USA; New Orleans Saints quarterback Drew Brees (9) hoists the Lombardi Trophy after defeating the Indianapolis Colts 31-17 in Super Bowl XLIV at Sun Life Stadium. Mandatory Credit: Matthew Emmons-US PRESSWIRE

Drew Brees Signs 5 Year Contract With New Orleans Saints

There is one less drama in New Orleans today as star quarterback Drew Brees has come to an agreement on a new five year contract worth $100 million.

The new contract includes a mammoth $60 million guaranteed and Brees will be paid $40 million in the first year of the deal which will easily make him the highest paid player for a single calendar year in NFL history.

UPDATE: The overall structure of the deal looks pretty simple according to NFL Business Analyst Andrew Brandt:

[blackbirdpie url="https://twitter.com/adbrandt/status/223854784036347906"]

As for cap impact, Pro Football Talk has crunched the numbers:

[blackbirdpie url="https://twitter.com/ProFootballTalk/status/223852821794144257"]

We have heard so much news regarding this potential deal with only yesterday a story coming out that Brees and the Saints were still $10 million apart but it appears that perhaps that story was unfounded. It may be Friday the 13th but today will forever be considered a lucky day in the life of Drew Brees – and hopefully for the Saints and their fans also.

[blackbirdpie url="https://twitter.com/drewbrees/status/223838946185052160"]

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Tags: Drew Brees New Orleans Saints NFL NFL News

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