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

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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 NFL.com.

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.

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