By Will Yoder
March 06, 2012

Saints quarterback Drew Brees is upset about being given the franchise tag by New Orleans, according to CBS Sports.

A source with knowledge of the quarterback’s camp told WIST-AM in New Orleans that Brees is “livid” about being tagged and not receiving the long-term contract that he had been working toward with the club. According to CBS Sports, the station also cites sources who say that if the two sides can’t reach a contract extension by July 15, then Brees will not sign the franchise tag and will instead hold out.

The 33-year-old and recently told, however, that he was optimistic a long-term deal would be done. While a franchise tag would promise Brees at least $14 million next season, it does not allow him to hit free-agency this year, meaning he will turn 34-years-old before he is able to openly negotiate a long-term deal.

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