Saints quarterback Drew Brees has yet to sign his franchise tender worth $16.4 million. (Joey Foley/Getty Images)
New Orleans Saints quarterback Drew Brees is expected to learn within a week if he will be able to collect $4 million if he is franchised for a third time next season, according to NFL.com.
Brees attended a grievance hearing in Philadelphia on Wednesday to sort out franchise-tag rules and the compensation involved. He is represented by the NFLPA, which says that Brees is due to receive a raise of $7 million from the franchise tag if tagged again in 2013. Brees has yet to sign his franchise tender for this season, worth $16.4 million.
The franchise issue has to be resolved by July 16 or Brees will be forced to play under the $16.4 million franchise tender for 2012. Brees is looking for a contract extension worth around $18-$20 million.