New Orleans Saints quarterback Drew Brees is in the final year of the six-year, sixty million dollar contract he signed in 2006 when joining the team in free agency.
A new contract has been looming on the horizon for Brees for some time, but he has graciously allowed the Saints to put his deal on the back burner while they re-build the roster at other key positions.
A few days ago the Eagles re-signed quarterback Michael Vick to a six year 100 million dollar contract, of which he will receive a $7 million dollar signing bonus, a $3 million dollar roster bonus and a $10 million dollar salary this season alone.
Indianapolis also reached a new deal with Peyton Manning for $90 million a few weeks back. That deal was one the Saints and Brees had been waiting for to “set” the market for what a top-tier quarterback should be paid.
The Saints do have the luxury of waiting to negotate Brees new deal at the end of the league year, as the franchise tage can always be used to retain him for the 2012 season.
But why wait to secure the face of the franchise?
In fact the Saints front office should be throwing money at Brees considering he delivered the teams first ever Superbowl championship in 2009, and has 155 total touchdown passes since becoming a Saint.
Brees agent, Tom Condon from Creative Artists Agency, made a visit to the teams headquarters Tuesday to meet with general manger Mickey Loomis — to make some progress — on a new deal that was said to be in a stalemate last week.
In a direct quote from Condon, “substantial progress” was made during the meeting indicating a new deal could be imminent. He did not offer any details however as to how close the two sides are to finalizing the new contract.