Drew Brees Re-signs With New Orleans Saints on 2-Year, $50 Million Deal

Drew Brees and the New Orleans Saints have agreed to a new two-year deal worth $50 million, a source confirmed to ESPN, keeping the future Hall of Fame quarterback off the free-agent market as expected.

The deal includes $27 million guaranteed. The news was first reported by NFL Network.

Brees’ deal will be written as a two-year deal, but in actuality it will be a one-year deal with a team option after the first year, he confirmed to ESPN. It also will include a no-trade clause, ESPN’s Adam Schefter reports, virtually ensuring that Brees finishes his career in New Orleans.

“I think that provides certainly the team with the most flexibility when it comes to being able to anticipate the future and the ability to acquire free agents and re-sign players on our existing roster that will build a championship team,” said Brees about his willingness to only take one year guaranteed.

Brees, who turned 39 in January, insisted all along that he wants to be a “Saint for life” and didn’t plan to let any other teams in on a bidding war — even though had he done so, he possibly could have become the highest-paid player in NFL history for the second time in his career.

“I love my team and am excited about the opportunity we will have together,” Brees said.

Brees’ decision to stay in New Orleans became even easier after the Saints re-emerged as Super Bowl contenders last season following a three-year playoff drought. Thanks to a revamped defense and improved running game, Brees was able to throw for his fewest yards (4,334), touchdowns (23) and interceptions (8) in his 12 seasons with the Saints while setting the NFL record for completion percentage (72.0).

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SOURCE: ESPN, Mike Triplett