Originally posted on 60 Max Power O  |  Last updated 7/14/12
After haggling over a mere million dollars or so per season, New Orleans Saints quarterback Drew Brees finally came to an agreement with the NFL club and put his autograph on a new five-year contract worth $100 million on July 13. The new deal will see Brees earn $40 million of it in the first year. The 33-year-old Brees was designated as New Orleans franchise player back in February. It looked like the deal might not get done as the two sides were reportedly about $10 million apart on the total of the guaranteed money during the contract’s first three years. They finally settled on a total of $61 million guaranteed in the first three years, which is a new record from an NFL contract. The total contract value of $100 million is also a new NFL record for a quarterback since it passes the five-year deal that 36-year-old Peyton Manning signed for $96 million back in March. Brees surpasses Manning as the league’s highest-paid quarterback. When broken down in years, the average salary
PLAYERS: Tom Benson
TEAMS: New Orleans Saints
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