Report: Drew Brees, Saints nearing agreement on new contract extension

The New Orleans Saints and quarterback Drew Brees are close to finalizing a new contract extension for the 2020 season, reports Yahoo Sports

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The New Orleans Saints and quarterback Drew Brees are close to an agreement on a new contract extension, Charles Robinson of Yahoo Sports reported Monday night. Robinson added that Brees’ new deal “could be completed as soon as tomorrow,” ahead of Wednesday’s 3 p.m. CT deadline would come into play (raising Brees’ 2020 salary cap hit dramatically).

Obviously the Saints would want to stay ahead of any more salary cap hurdles, so hammering out a new contract with Brees would be in their interests. Once Brees is settled with a firm cap figure for the next season or two, the Saints can take a more proactive approach in dealing with their own pending free agents and scouring the options on the open market.

But how much will Brees re-sign for? Recent reports suggest that he’s open to accepting a lower salary than he could demand given his resume, which would be a huge boost for New Orleans. Any discounts Brees agrees to can be put to use signing other players and increasing the Saints’ odds of winning another Super Bowl. Here’s hoping they get this one squared away promptly.

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