Drew Brees' new contract - 5yrs, $100mil, ($40mil in 2012)

[delta]

Sources -- Drew Brees, New Orleans Saints agree to record contract - 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.

Brees had until Monday at 4 p.m. ET to reach a long-term contract with the Saints or his only option would have been to play in 2012 under the terms of his franchise tender of $16.371 million. But he had no plans to report to training camp without a long-term contract, sources said.

Brees's 2012 salary of $40 million is fully guaranteed, breaking down as $37 million in bonus and $3 million in salary. The deal carries a $10.4 million cap hit.

damn he won...

 

[killacal]

Time to get drunk party and get fat

 

[Brady-Carter]

Good lawd, he got paid. Not bad for the 3rd best qb in the league..

Man, A-Rod must be smiling from ear to ear today..