The New Orleans Saints are satisfied with carrying Drew Brees’ $30 million salary cap charge in the last year of his deal in 2016, according to his agent, Tom Condon.
Brees is headed into the final year of the five-year, $100 million deal he signed in 2012.
Due to the Saints’ lack of cap space and the fact that Brees could make it to free agency next season, there has been widespread speculation that the quarterback would sign an extension this offseason, but Condon indicated no deal is imminent in an appearance on The Rich Eisen Show Wednesday.
“At one point, New Orleans wanted to talk about a cap re-do, and Drew was more than happy to do that,” Condon said. “There were some intervening situations that occurred, so they didn’t need the cap room, and they seem to be satisfied with carrying that number right now.”
Condon was likely referring to the Saints’ pursuit of former Carolina cornerback Josh Norman, who became available unexpectedly right before the draft. Brees offered to re-do his contract to bring Norman into the fold, but the Saints’ target chose Washington, eliminating the need for an immediate extension.
Read more about Brees' contract talks at theneworleansadvocate.com