18 key NFL offseason dates and notable contract deadlines
 

Feb. 10

Third day of waiver period

Saints : The $10.85 million of quarterback Drew Brees' $19.75 million 2016 base salary becomes fully guaranteed without an offset. This means the Saints wouldn't be able to reduce the guaranteed money owed to Brees in the extremely unlikely event he is released by the amount of his new deal with another team. In other words, Brees would receive the $10.85 million from the Saints as well as the full salary from his new contract with another club. ... Safety Jairus Byrd's $7.4 million 2016 base salary is fully guaranteed. The $6 million was guaranteed for injury at signing. ... Linebacker Dannell Ellerbe's $4.1 million 2016 base salary is fully guaranteed. It was guaranteed for injury as a part of his trade to the Saints from the Miami Dolphins last March. New Orleans will get $4.5 million of cap space if Ellerbe is released before the guarantee vests.

Agent's Take: 18 key NFL offseason dates and notable contract deadlines - CBSSports.com

Re: 18 key NFL offseason dates and notable contract deadlines
 

"Linebacker Dannell Ellerbe's $4.1 million 2016 base salary is fully guaranteed. It was guaranteed for injury as a part of his trade to the Saints from the Miami Dolphins last March. New Orleans will get $4.5 million of cap space if Ellerbe is released before the guarantee vests".

Possibility he is cut tomorrow?

Re: 18 key NFL offseason dates and notable contract deadlines
 

Can't see the Saints taking that kinda hit...

Probably a last minute contract in the works?!?

Re: 18 key NFL offseason dates and notable contract deadlines
 

I hope so. Ellerbe is good....when he plays. Maybe next season he is good to go????