Report: Saints Guarantee Long-Term Extension For Drew Brees Will Happen

Saturday May 19th, 2012

Multiple sources have corroborated today that the New Orleans Saints are guaranteeing a multi-year deal will happen with quarterback Drew Brees, according to

Saints general manager Mickey Loomis and owner Tom Benson are both hard at work on hammering out a lengthy extension for Brees, who finished out a six-year, $60 million contract last season and was franchised in March. The interest is mutual between Brees and the Saints in working out a contract, but the devil is in the details.

"Look, we love Drew Brees, every fan of the New Orleans Saints loves Drew Brees. So do I," Loomis said. "No one wants to get him signed more than I do. ... But we also want to have the best team we can have on the field. ... We've just got to get it right."

Under the franchise tag, the Saints have the exclusive rights to Brees' services next season for $16.371 million. But Brees has been rumored to have interest in a much bigger contract, comparable to the $23 million per season that Peyton Manning is earning with the Denver Broncos. "I feel for him. I feel with him. He wants to be here right now. I want him to be here right now, and we'll work hard to get that accomplished," Loomis said. "It's important to Drew, but it's important to our team. The magnitude of this contract is going to impact our team for a long period of time, so we've got to get it right. It's got to be right for Drew, but it's got to be right for our team as well."

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.