Drew Brees, Saints agree on contract extension that gives him $44.25 million guaranteed

The wait is over for the New Orleans Saints, its fans, and quarterback Drew Brees. A reported deal was announced today, as Brees agreed to a contract extension that will give him $44.25 million guaranteed. The deal, which implies Loomis-nomics, is actually a five-year contract, so that’s a very friendly salary cap deal.

Negotiations between agent Tom Condon and general manager Mickey Loomis quickly heated up on Tuesday, as reports came out that the two sides were 'relatively close' and that it looked like something could get done.

It's been a long road for the Saints and Drew Brees to get to this point, and it looks like New Orleans has their quarterback questions answered through 2017.

Now, the focus shifts to the team protecting Brees. The band is getting back together again, as guard Jahri Evans was also re-signed. Head coach Sean Payton told the media on a Wednesday morning conference call that he was a 'real possibility'.