Saints, Drew Brees Close To Extension

WEDNESDAY, 9:43am: The deal is “all but done,” a source tells Mike Florio of PFT (on Twitter).

TUESDAY, 9:30pm: A deal could be signed as soon as tomorrow, reports Mike Garafolo of (Twitter link), while Ian Rapoport of (Twitter link) says the agreement could be a shorter contract.

7:56pm: The Saints are close to reaching an extension with quarterback Drew Brees, according to Mike Florio of Pro Football Talk. Brees has indicated that he doesn’t want negotiations lasting into the regular season, so if the two sides are going to strike a deal, the time is now.Drew Brees (Vertical)

[RELATED: Saints To Sign Sterling Moore]

A report yesterday indicated that Brees is seeking a four-year deal worth $100MM, numbers that jibe with previous reports about Brees’ contract status. Brees’ asking price is a lofty one for a 37-year-old, especially considering no other NFLer averages $25MM per annum. However, the future Pro Football Hall of Famer hasn’t shown serious signs of aging to this point. Brees, a 16th-year man, is coming off his eighth straight season with at least 30 touchdown passes. He also eclipsed the 4,800-yard mark for the fifth consecutive year.

During his 10-year run in New Orleans, the ex-Charger has missed just two games, led the Saints to a 94-64 regular-season record, five playoff appearances, and a Super Bowl title to cap off the 2009-10 campaign. Along the way, Brees has thrown 348 touchdowns, recorded three 5,000-yard seasons, made eight Pro Bowls, and established himself as the Saints’ all-time best player.

Photo courtesy of USA Today Sports Images.

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