Tuesday, July 17, 2012

$100 million for Drew Brees

NEW ORLEANS (AP) — Drew Brees and the Saints reached a deal on par with the quarterback's record-setting play, giving New Orleans' fans some news they can celebrate after an offseason rife with turmoil.

The team announced Friday that it had agreed to a five-year contract with Brees. A person familiar with the deal said it's for $100 million, with $60 million guaranteed.

The deal will also pay the quarterback $40 million the first year, the person told The Associated Press on condition of anonymity because financial details had not been publicly announced.

Brees posted a note on his Twitter page reading, "Deal is Done! Love you, Who Dat Nation. See you soon!"

Brees skipped the Saints' offseason practices while holding out for his new long-term contract, which now gives him the highest average annual pay ($20 million) in NFL history. 

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