The New Orleans Saints have one less thing to worry about heading into training camp.
The deal reportedly includes $60 million in guaranteed money, including a $40-million haul for the upcoming season. The guaranteed total would be an NFL record, and once the contract is signed, Brees will become the highest-paid player in league history.
The agreement, made Friday morning, comes two days after reports surfaced that Brees was prepared to extend his contract holdout into training camp, which is set to begin July 24. Brees had until 4 p.m. Monday to reach a long-term contract or he would have been forced to sign the $16.371 tender provided under the team’s franchise tag.
“I appreciate the diligence and steadfast efforts by both sides to get this deal done,” Brees told ESPN’s Ed Werder. “I love my organization, team, and the city of New Orleans. Thank you especially to (owners) Gayle and Tom Benson for the opportunity. Now I need to go earn it.”
Brees more than earned his wages during his first six seasons in New Orleans. He led the Saints to their only Super Bowl title in 2009, and leads the league in completions (2,488), passing yardage (28,394), touchdowns (201) and completion percentage (67.8) over than six-year span.
Last season the 33-year-old signal-caller set an NFL record for passing yards in a single season with 5,476 yards while completing a record 71.2 percent of his passes.
The new contract eclipses the five-year, $96 million contract Peyton Manning signed with the Denver Broncos in March.