BREES GETS $37M TO SIGN

[RoanokeFan]

<font size="4"><font size="3">BREES GETS $37M TO SIGN (http://profootballtalk.nbcsports.com/2012/07/13/brees-gets-37-million-to-sign/related/)

"</font></font>The details on Drew Brees (http://www.rotoworld.com/player/nfl/591/drew-brees) new contract have made their way
to PFT headquarters.


And they are spectacular.</p>


Brees, per a source with knowledge of the deal, will receive a $37 million
signing bonus and a $3 million base salary in 2012. The full signing bonus will
be paid out within the next six months.</p>


The $40 million paid in 2012 is fully guaranteed. For now, $20 million
beyond 2012 is guaranteed for injury only. Next year, on the third day of the
waiver period (typically, the third day after the Super Bowl), $15 million of
the injury guarantee becomes fully guaranteed. The extra $5 million remains
guaranteed for injury only.</p>


In 2015, again on the third day of the waiver period, more than half of his
$19 million base salary becomes fully guaranteed. Ditto for 2016; on the third
day of the waiver period, more than half of the $20 million base salary becomes
fully guaranteed.</p>


The device in the last two years of the contract forces the Saints to cut
him, if at all, sufficiently early in the offseason to give him a full chance to
land elsewhere.</p>


In all, he’ll receive $40 million this year, $10 million in 2013, $11 million
in 2014, $19 million in 2015, and $20 million in 2016.</p>


The new deal actually reduces Brees’ cap number dramatically, from $16.37
million to $10.4 million. Next year, his cap number will be $17.4 million. In
2014, the cap number will be $18.4 million. By 2015, when the new TV deals from
2014 hit the cap, Brees cap number will be $26.4 million. In the final year of
the deal, the cap number becomes $27.4 million.</p>


The structure makes it, in essence, a three-year, $61 million contract with a
team option for year four (at $19 million) and year five (at $20 million).</p>


If he keeps playing at a high level and stays healthy, he’ll potentially get
it all. If not, he’ll be on the market before free agency begins, in 2015 or
2016."</p><font size="4"><font size="3">
</font></font>

[jomo]

......as expected. They engineered the cap for this year but as always it is just kicking the can. I am actually happy that they get so much cap relief this year when so many other things are working against them. $$ won't solve the problem of no head coach and a new DC plus player suspensions. If they were smart they would have tried to push more of that relief into next year.

[RoanokeFan]

......as expected. They engineered the cap for this year but as always it is just kicking the can. I am actually happy that they get so much cap relief this year when so many other things are working against them. $$ won't solve the problem of no head coach and a new DC plus player suspensions. If they were smart they would have tried to push more of that relief into next year.

My opinion of Brees has taken some big hits this year.

[NYGRealityCheck]

From $16.37 million guaranteed to $37 million guaranteed.

Mission accomplished. That was all about the money.

http://www.spotrac.com/nfl/new-orleans-saints/drew-brees/

[byron]

well good for him hope he saves some for retirement</P>

[gmen46]

From $16.37 million guaranteed to $37 million guaranteed.

Mission accomplished. That was all about the money.

http://www.spotrac.com/nfl/new-orleans-saints/drew-brees/

And this is a shock?

Although, as Brees has consistently maintained, it was also about job security for the rest of his career. Since the structure as explained in this article does in fact guarantee he has the job (with Saints for at least 3, and option to go elsewhere as FA if Saints don't want him after 3) for at least another 5 years, which would take him to 16 years (slightly more than average length for a healthy starting QB in the NFL), it looks like he now has that security.

And since he, along with Payton, more than any other player has made a perpetually moribund franchise into a perpetually serious contender--for the first time in its history--it looks to me to be as good a deal for the Saints as it obviously is for Brees.

[NYGRealityCheck]

From $16.37 million guaranteed to $37 million guaranteed.

Mission accomplished. That was all about the money.

http://www.spotrac.com/nfl/new-orleans-saints/drew-brees/

And this is a shock?

Although, as Brees has consistently maintained, it was also about job security for the rest of his career. Since the structure as explained in this article does in fact guarantee he has the job (with Saints for at least 3, and option to go elsewhere as FA if Saints don't want him after 3) for at least another 5 years, which would take him to 16 years (slightly more than average length for a healthy starting QB in the NFL), it looks like he now has that security.

And since he, along with Payton, more than any other player has made a perpetually moribund franchise into a perpetually serious contender--for the first time in its history--it looks to me to be as good a deal for the Saints as it obviously is for Brees.

Is Brees worth the money? Certainly! No argument here.

No shock.

[G-Man67]

yeah, i never took it seriously ... that it would end in a holdout

i guess my take is the Saints really had no leg to stand on ... they needed Drew back to have something postive ... they waited until the last minute, so as not to disturb the preseason, but once the last minute came ... they basically gave Brees what he wanted