Saint QB Drew Brees Agrees to 5-Year Deal

By: Courtesy: Associated Press

Posted: Fri 3:13 PM, Jul 13, 2012

NEW ORLEANS (AP) -- Drew Brees has agreed to a five-year, $100
million contract with the New Orleans Saints, with $60 million
guaranteed.

A person familiar with the deal tells The Associated Press that
Brees and the team reached agreement Friday. Brees had been tagged
as the Saints' exclusive franchise player and could not negotiate
with other teams.

The person spoke on condition of anonymity because the contract
has not been announced.

Had a deal not been reached, the tender for a quarterback was
worth $16.3 million. Brees would have had to play for that amount
or hold out without a contract.

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