According to ESPN’s Chris Mortensen, the New Orleans Saints have signed quarterback Drew Brees to a five-year, $100 million contract. He’ll get $60 million guaranteed with $61 million over the first three years. Brees will also earn $40 million in 2012 alone.
Brees and the Saints have haggled over how much guaranteed money they were willing to give him. It looks they ended up giving into Brees’ demands since he got the $60 million guaranteed he was looking for.