Report: Brees, Saints close to multiyear deal
The New Orleans Saints have offered quarterback Drew Brees a multiyear deal worth close to $19 million-per-year, according to a report on Pro Football Talk, citing a source close to the talks.
The source also told Pro Football Talk that Brees was seeking less than the $21 million-plus annual amount that had previously been reported.
The two sides have until July 16 to work out a multiyear deal, or Brees would face a choice of sitting out the season or playing under a one-year franchise-tag distinction for roughly $16 million.
Brees, 33, who broke the single-season passing yardage record in 2011 with 5,476, hasn't signed his one-year tender, and hasn't reported to the team's offseason workouts.