After July 16, Brees still has flexibility
 

As to the first option, it arguably makes more sense for Brees to sit tight on what would be (thanks to arbitrator Stephen Burbank) a $23.57 million salary and cap number for 2013. With the salary cap expected to be flat, it would be impractical for the Saints to devote nearly 20 percent of it to one player, even if that one player is Drew Brees.

And so the July 3 ruling from Burbank has backed the Saints into a corner. With the Saints finalizing during the past week all but one of their rookie deals, it looks like the front office has cleared the way for G.M. Mickey Loomis to focus exclusively on working out a long-term contract for Drew Brees before Monday, July 16 at 4:00 p.m. ET.

After July 16, Brees still has flexibility | ProFootballTalk

Isn't the 16th on a Monday? Isn't that the most PR friendly day to release the announcement? I always thought it would be best to make an annnouncement like that on a Friday and have the whole weekend devoted to it. Anyway, the 16th is still the day to stay tuned in.

8 days away. Monday the 16 July 12 DREW SIGNS !!!!!!

Friday the 13th Drew goes Primetime 7:00pm