SAINTS SIGN BREES - 5 YEARS, 100 MILLION!!!

JoanieNTX · 07-13-2012, 05:00 PM

It's Friday night! Ok, this is cause for serious celebration!!! Sure wish I weren't in Texas, and was cruising the French Quarters about now.

Congrats to Drew and to us all! Everyone breathe! WHO DAT!!!!

ChrisXVI · 07-13-2012, 05:04 PM

Originally Posted by JoanieNTX

It's Friday night! Ok, this is cause for serious celebration!!! Sure wish I weren't in Texas, and was cruising the French Quarters about now. Congrats to Drew and to us all! Everyone breathe! WHO DAT!!!!

If virtual "Cheers!" got us drunk we'd all have a very miserable day tomorrow lol!!

spkb25 · 07-13-2012, 05:27 PM

Championshipppppp!

Srgt. Hulka · 07-13-2012, 05:33 PM

I hope Dude is ok! Somebody needs to go check on him.

foreverfan · 07-13-2012, 05:35 PM

IN A SALARY CAP MOVE TODAY...

SAINT CUT TOM BENSON TO MAKE ROOM FOR DREW BREES.

Srgt. Hulka · 07-13-2012, 06:08 PM

Originally Posted by foreverfan

IN A SALARY CAP MOVE TODAY... SAINT CUT TOM BENSON TO MAKE ROOM FOR DREW BREES.

LivnaLieTimay · 07-13-2012, 06:32 PM

I didn't post on this topic shortly after he was Franchised because I knew it was going to come down to the wire. Glad we finally got Drew locked up. Now let's get back out on the field and put this offseason behind us!

Halo · 07-13-2012, 07:10 PM

No sign of The Dude yet!

TheOak · 07-13-2012, 07:16 PM

The details from PFT:
The details on Drew Brees new contract have made their way to PFT headquarters.

And they are spectacular.

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.

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.

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.

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.

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.

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.

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).

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.

Brees gets $37 million to sign | ProFootballTalk

salary cap expectations: NFL tells teams to project flat salary caps thru 2015: 2013 ($121 mln); 2014 (122 mln) 2015 (125 mln), and then in 2016 $130 mln.

arsaint · 07-13-2012, 07:31 PM

Best Saints headline since beating the Lions in the wildcard round of the playoffs!!!

WHODAT!!!

07-13-2012, 05:00 PM	#1
JoanieNTX 500th Post Join Date: Jan 2010 Location: Conroe, TX Posts: 825	It's Friday night! Ok, this is cause for serious celebration!!! Sure wish I weren't in Texas, and was cruising the French Quarters about now. Congrats to Drew and to us all! Everyone breathe! WHO DAT!!!! Halo, saintfan and Ashley like this.

07-13-2012, 05:04 PM	#2
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Originally Posted by JoanieNTX It's Friday night! Ok, this is cause for serious celebration!!! Sure wish I weren't in Texas, and was cruising the French Quarters about now. Congrats to Drew and to us all! Everyone breathe! WHO DAT!!!! If virtual "Cheers!" got us drunk we'd all have a very miserable day tomorrow lol!!

07-13-2012, 05:27 PM	#3
spkb25 10000 POST CLUB Join Date: Aug 2004 Location: Baltimore, MD Posts: 13,136	Championshipppppp! Halo likes this.

07-13-2012, 05:33 PM	#4
Srgt. Hulka 1000 Posts + Join Date: Dec 2009 Location: Shreveport, LA Posts: 4,417	I hope Dude is ok! Somebody needs to go check on him. Halo and sharke like this.

07-13-2012, 05:35 PM	#5
foreverfan 12,000 BS Posts Join Date: Mar 2006 Location: Metairie, LA Posts: 13,457 Blog Entries: 5	IN A SALARY CAP MOVE TODAY... SAINT CUT TOM BENSON TO MAKE ROOM FOR DREW BREES. Halo, neugey, Ashley and 2 others like this.
	Last edited by foreverfan; 07-13-2012 at 06:16 PM..

07-13-2012, 06:08 PM	#6
Srgt. Hulka 1000 Posts + Join Date: Dec 2009 Location: Shreveport, LA Posts: 4,417	Originally Posted by foreverfan IN A SALARY CAP MOVE TODAY... SAINT CUT TOM BENSON TO MAKE ROOM FOR DREW BREES.

07-13-2012, 06:32 PM	#7
LivnaLieTimay 1000 Posts + Join Date: Jan 2006 Location: New York Posts: 1,499	I didn't post on this topic shortly after he was Franchised because I knew it was going to come down to the wire. Glad we finally got Drew locked up. Now let's get back out on the field and put this offseason behind us!

07-13-2012, 07:10 PM	#8
Halo Site Donor MONTHLY Join Date: May 2002 Location: New Orleans, LA Posts: 20,889 Blog Entries: 45	No sign of The Dude yet!
	Last edited by Halo; 09-04-2014 at 03:00 PM..

07-13-2012, 07:16 PM	#9
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	The details from PFT: The details on Drew Brees new contract have made their way to PFT headquarters. And they are spectacular. 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. 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. 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. 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. 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. 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. 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). 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. Brees gets $37 million to sign \| ProFootballTalk salary cap expectations: NFL tells teams to project flat salary caps thru 2015: 2013 ($121 mln); 2014 (122 mln) 2015 (125 mln), and then in 2016 $130 mln. foreverfan and Ashley like this.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau

07-13-2012, 07:31 PM	#10
arsaint Saint Historian Join Date: Feb 2005 Location: deep in the bowels of a hidden bunker, somewhere under the brick & steel of a nondescript building.. Posts: 2,732	Best Saints headline since beating the Lions in the wildcard round of the playoffs!!! WHODAT!!!

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