Drew Brees is about to find out what the market has to offer him.
While he can’t sign a contract with any other team but the Saints until Wednesday, Brees’ agent, Tom Condon, can now begin negotiating with other teams, The Advocate reported Monday.
Brees’ contract with the Saints voids at 3 p.m. Wednesday. If New Orleans doesn’t first enter into a new agreement with the quarterback, the $18 million in signing-bonus proration remaining on his contract will accelerate onto the 2018 salary cap in the form of dead money. The Saints can restructure that debt by signing Brees to a new deal.
While it would have been advantageous to sign Brees to a new deal before his representatives could discuss the parameters of a new deal with other organizations, his camp should have already gathered a good idea which teams would be interested in signing a quarterback before this window opened. As far as his value, all you have to do is look at some of the other contracts given to quarterbacks — including several negotiated by Condon — to see that Brees should be worth something around $25 million per season, and perhaps more.
Any good agent has had this situation pegged for months.
Still, it might not be time to worry if everyone is taken at their word. Minutes after the 2017 season ended, Brees stood at a microphone and proclaimed that he wanted to remain in New Orleans. When asked again at the Pro Bowl where he would be playing next season, the quarterback said bluntly, “the New Orleans Saints.” In another interview with WWL earlier this offseason, Brees reiterated he no intention of looking elsewhere for work.
“I don’t have any intention on shopping the market or going anywhere else,” Brees said. “I want to be a Saint, and I think they want to have me back.”
Read the full story at The New Orleans Advocate.