NEW ORLEANS (AP) -- Drew Brees has agreed to a new contract with the Saints. A person with knowledge of the deal tells the AP it's a five-year pact worth $100 million, $60 million of which is guaranteed.
The veteran quarterback had been tagged as the Saints' exclusive franchise player and could not negotiate with other teams.
The new deal gives Brees the highest average annual pay in NFL history at $20 million per.
Had a deal not been reached, the tender for a quarterback was worth $16.3 million. Brees would have had to play for that amount or hold out without a contract.