Because Tom Brady decided to flip the NFL upside down on Tuesday, the news that Drew Brees signed a contract extension with the New Orleans Saints slipped well under the radar.
A bombshell report also dropped, which claimed that Brees was dangerously close to retiring this offseason, but that's not the topic we're focusing on here.
Brees' new contract was reported to be worth approximately $50 million over two years. Fast forward to Wednesday, however, and ESPN insider Field Yates provided the ins and outs of the deal.
The contract features a 2021 base salary of $2 million and $23 million roster bonus. Voided years were added in both 2022 and 2023, which will stretch that roster bonus into salary cap hits of a little less than $6 million.
It's been long reported that Brees was going to sign a team-friendly deal, and this news confirms that. His 2020 cap hit gives New Orleans incredible leverage to keep improving its roster as the team prepares for another playoff run.
At 41 years old, Brees is in the twilight of his career, but he was still as good as any quarterback in the NFL last season after returning from thumb surgery. His new deal is far below the market value for QBs, as middling gunslingers like Kirk Cousins and Ryan Tannehill are pocketing nearly $30 million annually.
The fact that this contract is only for two years is also a major win for the Saints in that it won't cripple them when it comes time to transition to a new starter. We wouldn't expect anything less from Brees, who is as classy as they come.