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According to Field Yates, Drew Brees will have a cap hit of 24 mil in 2018. He gets a 10.5 mil signing bonus, 10.2 mil base, and incentives of up to 3.3 mil. I believe this is the first time I’ve seen incentives in a Brees contract with the Saints. Drew is also set to cost us 33.5 mil against the cap in 2019. We had a little more than 85 mil in cap space for 2019 at current levels, before these signings.
Details on Drew Brees' contract with the Saints:
— Field Yates (@FieldYates) March 14, 2018
Signing bonus: $10.5M
Base salary in 2018: $10.2M
Incentives in 2018: $3.3M
Cap number in 2018: $24M
Kurt Coleman’s contract details are also out.
Full details on S Kurt Coleman’s new deal with Saints: 3 years, $16.35 million, $6.2 million guaranteed (all in Year 1). Signing bonus: $4.5 million. 2018 salary and bonuses: $1.8 million. Cap figures: $3.3 million in 2018, $7 million in 2019, $6.05 million in 2020.
— Mike Triplett (@MikeTriplett) March 14, 2018
Coleman’s numbers are already include in the NFLPA’s cap figures for today. Drew’s is not. Also included in today’s figures are the savings from Zach Strief retiring.
According to the NFLPA The Saints have $30,573,876 in available cap. Take out Drew’s 24 mil for 2018 and the Saints should have $6,573,876 left roughly, to use in free agency. I use the term roughly because there are conflicting reports according to Spotrac we have 9+ mil in space.
With Coleman & Brees in now I’ve got the #Saints at $9.8M (Top 51) https://t.co/af3rz0Itqb
— Spotrac (@spotrac) March 14, 2018
In a side note, Chase Daniel is reported to be signing with the Bears with a 2 year deal.
The #Bears are expected to sign QB Chase Daniel to a 2-year deal worth $10 million, source said. He gets $7 million guaranteed and... it’s voidable after 1 year. That’s huge, in case something happens and he becomes this year’s Nick Foles. He’d be a free agent in 2019.
— Ian Rapoport (@RapSheet) March 14, 2018