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A win-win contract extension would make sense for Saints, Drew Brees

this is a discussion within the Saints Community Forum; Drew will be a FA in 2017. I see them taking care of him this year. 4 year 50 million. Roughly 13 million a year. Frees up cap space and gives him 2 extra years of security. His cap hit ...

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Old 12-31-2014, 10:47 AM   #1
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Re: A win-win contract extension would make sense for Saints, Drew Brees

Drew will be a FA in 2017. I see them taking care of him this year. 4 year 50 million. Roughly 13 million a year. Frees up cap space and gives him 2 extra years of security. His cap hit this year is 26.4 million. That would free up 13.4 million this year and 14.4 million in 2016. That's a lot to secure our future.
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Old 12-31-2014, 05:25 PM   #2
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Re: A win-win contract extension would make sense for Saints, Drew Brees

Originally Posted by voodooido View Post
Drew will be a FA in 2017. I see them taking care of him this year. 4 year 50 million. Roughly 13 million a year. Frees up cap space and gives him 2 extra years of security. His cap hit this year is 26.4 million. That would free up 13.4 million this year and 14.4 million in 2016. That's a lot to secure our future.
That deal would be great for the Saints, but I'm not sure Drew agrees to it. For him to agree with that deal, he would have to think that after 2016, the best he could get is 2/12. If he plays out the next two years he will get 18.75 in 2015 and 19.75 in 2016.

What is likely to have to happen is they fully guarantee the 38.5 and extend 3 more years.

The deal could look something like this- (numbers approx)

15 and of 2015 turned to signing bonus which would create a 14 million cap hit in 2015.
Reduce 2016 salary to 10 million( fully guaranteed) creating 20 million cap hit in 2016
2017- Fully guaranteed 20 million salary creating a 23 million cap hit in 2017.
2018- 20 million salary (10 guaranteed) creating a 23 million cap hit in 2018
2019- 20 million salary (0 guaranteed) creating a 23 million cap hit in 2019.

This contract would pretty much guarantee Brees retires a Saint. It takes no money away from him and actually adds 20 million in guarantees. It gives the Saints some flexibility in 2015 and a little more in 2016. Brees could be cut after 2017 with only 16 million in dead money and after 2018 with only 3.
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