Drew Brees $100 Million - Houston Texans Message Board & Forum

CloakNNNdagger · 07-13-2012

http://bleacherreport.com/articles/1...ract-extension

Quote:

5-year deal worth $100 million ($60 million guaranteed)

Goldensilence · 07-13-2012

http://espn.go.com/nfl/story/_/id/81...ecord-contract

I am not sure how this impacts their cap... I mean if the terms are as they report....that's a 40 million dollar hit this year.

**Playoffs** · 07-13-2012

Chris Mortensen ‏@mortreport
@DrewBrees, #Saints reach agreement on 5 yr, $100-mill deal, including $40 mill in year 1; $60 mill guaranteed in 1st 3 yr. More on #ESPN

ESPN's Chris Mortensen reports QB Drew Brees and the New Orleans Saints have reached an agreement on a five-year, $100 million contract that includes a first-year take in 2012 of $40 million, according to league, players union, and team sources.
For all practical purposes, the guaranteed money is considered by all parties involved to be an NFL-record $60 million, though there are contractual, but unlikely, outs for the Saints before he would receive all of that sum.
The accord was struck Friday morning in the latest round of negotiations between Saints GM Mickey Loomis and Brees' agent, Tom Condon.
Brees's 2012 salary of $40 million is fully guaranteed. In 2013, the Saints will have a three-day window to release him after the waiver period begins (five days after the Super Bowl); if not, Brees gets another $15 million of fully guaranteed earnings, bringing his two-year total to $55 million. In 2014, the same three-day waiver scenario is in place be fore Brees is fully guaranteed another $5 million, with an additional $1 million in salary.
Under the assumption Brees is the team's quarterback for the next three years, he would make $61 million during that stretch, with $60 million fully guaranteed, the highest guaranteed total an NFL player has ever earned. Calvin Johnson's deal with the Lions, signed earlier this year was initially reported to guarantee $60 million, but a closer look found it only fully guaranteed $48.75 million.
While the waiver window gives the Saints an out, both the league and union view the $60 million as "guaranteed" because of the extreme unlikelihood that the Saints would want to have paid Brees $40 million for one year or $55 million for two years. The remaining $39 million to be earned in 2015 and 2016 is subject to the same waiver formula, bringing the potential grand total to $100 million over five years. No player in NFL history has averaged $20 million per year. Brees must still take a physical and sign the contract, which is considered a mere formality.
.

**ChampionTexan** · 07-13-2012

Quote:

Originally Posted by Goldensilence

http://espn.go.com/nfl/story/_/id/81...ecord-contract

I am not sure how this impacts their cap... I mean if the terms are as they report....that's a 40 million dollar hit this year.

The article describes the $40 Million as the "First year take". Chances are the majority of it is signing bonus, which means that it will be amortized over the five years of the contract when determining the 2012 cap hit. Too early to guess at the details, but I'd bet Drew's entire 2012 salary that the Saints won't take anything close to a $40 Million cap hit for him in 2012.

CloakNNNdagger · 07-13-2012

Mods please merge thread.

**Thorn** · 07-13-2012

So, now Atlanta signs Hainsworth to fall on Brees's foot.

RazorOye · 07-13-2012

:poppinbottles:

**HOU-TEX** · 07-13-2012

Quote:

Originally Posted by ChampionTexan

The article describes the $40 Million as the "First year take". Chances are the majority of it is signing bonus, which means that it will be amortized over the five years of the contract when determining the 2012 cap hit. Too early to guess at the details, but I'd bet Drew's entire 2012 salary that the Saints won't take anything close to a $40 Million cap hit for him in 2012.

NFLN said it would be an even cap hit across all 5 years. 20 mill per year

chicagotexan2 · 07-13-2012

Quote:

Originally Posted by Goldensilence

http://espn.go.com/nfl/story/_/id/81...ecord-contract

I am not sure how this impacts their cap... I mean if the terms are as they report....that's a 40 million dollar hit this year.

**HOU-TEX** · 07-13-2012

Nevermind, that was wrong. Per PFT

Quote:

The new deal actually reduces Brees’ cap number dramatically, from $16.37 million to $10.4 million. Next year, his cap number will be $17.4 million. In 2014, the cap number will be $18.4 million. By 2015, when the new TV deals from 2014 hit the cap, Brees cap number will be $26.4 million. In the final year of the deal, the cap number becomes $27.4 million.

http://profootballtalk.nbcsports.com...llion-to-sign/

**Dutchrudder** · 07-13-2012

This is going to make it very hard for them to resign Jimmy Graham next year.

Blake · 07-13-2012

I dont see Brees getting that 27 million. If they still want him I am sure they will restructure the deal.

If Brees is worth 100/60 million guaranteed, Schaub should sit around 70/40.

RazorOye · 07-13-2012

Quote:

Originally Posted by Dutchrudder

This is going to make it very hard for them to resign Jimmy Graham next year.

I'm hoping those discussions started about 30 seconds after the Brees deal was cemented.

07-13-2012	#2
Goldensilence Is this Sparta? Join Date: Apr 2007 Location: Out of the desert finally... Age: 31 Posts: 5,026 Rep Power: 6218	Brees Agrees to record contract http://espn.go.com/nfl/story/_/id/81...ecord-contract I am not sure how this impacts their cap... I mean if the terms are as they report....that's a 40 million dollar hit this year.

07-13-2012	#3
Playoffs Subscribed Contributor Join Date: Apr 2008 Posts: 7,299 Rep Power: 52089	Re: Drew Brees $100 Million Chris Mortensen ‏@mortreport @DrewBrees, #Saints reach agreement on 5 yr, $100-mill deal, including $40 mill in year 1; $60 mill guaranteed in 1st 3 yr. More on #ESPN ESPN's Chris Mortensen reports QB Drew Brees and the New Orleans Saints have reached an agreement on a five-year, $100 million contract that includes a first-year take in 2012 of $40 million, according to league, players union, and team sources. For all practical purposes, the guaranteed money is considered by all parties involved to be an NFL-record $60 million, though there are contractual, but unlikely, outs for the Saints before he would receive all of that sum. The accord was struck Friday morning in the latest round of negotiations between Saints GM Mickey Loomis and Brees' agent, Tom Condon. Brees's 2012 salary of $40 million is fully guaranteed. In 2013, the Saints will have a three-day window to release him after the waiver period begins (five days after the Super Bowl); if not, Brees gets another $15 million of fully guaranteed earnings, bringing his two-year total to $55 million. In 2014, the same three-day waiver scenario is in place be fore Brees is fully guaranteed another $5 million, with an additional $1 million in salary. Under the assumption Brees is the team's quarterback for the next three years, he would make $61 million during that stretch, with $60 million fully guaranteed, the highest guaranteed total an NFL player has ever earned. Calvin Johnson's deal with the Lions, signed earlier this year was initially reported to guarantee $60 million, but a closer look found it only fully guaranteed $48.75 million. While the waiver window gives the Saints an out, both the league and union view the $60 million as "guaranteed" because of the extreme unlikelihood that the Saints would want to have paid Brees $40 million for one year or $55 million for two years. The remaining $39 million to be earned in 2015 and 2016 is subject to the same waiver formula, bringing the potential grand total to $100 million over five years. No player in NFL history has averaged $20 million per year. Brees must still take a physical and sign the contract, which is considered a mere formality. . Last edited by Playoffs; 07-13-2012 at 01:30 PM.

07-13-2012	#5
CloakNNNdagger Hall of Fame Join Date: Apr 2004 Posts: 12,482 Rep Power: 44061	Re: Brees Agrees to record contract Mods please merge thread.

07-13-2012	#6
Thorn Dirty Old Man Join Date: Apr 2007 Location: Houston Section: Restrained in the mental ward Age: 61 Posts: 18,214 Rep Power: 54477	Re: Brees Agrees to record contract So, now Atlanta signs Hainsworth to fall on Brees's foot. __________________ "Life is tough, but it's tougher when you're stupid." --- John Wayne

07-13-2012	#7
RazorOye Ayo Join Date: Dec 2006 Location: Toronto Posts: 2,222 Rep Power: 23389	Re: Brees Agrees to record contract :poppinbottles:

07-13-2012	#11
Dutchrudder COOL BEANS! Join Date: Jan 2010 Location: Houston Section: Fort Kickass Age: 28 Posts: 13,746 Rep Power: 77704	Re: Drew Brees $100 Million This is going to make it very hard for them to resign Jimmy Graham next year. __________________

07-13-2012	#12
Blake MMQB Join Date: Apr 2004 Location: Spring Section: 551/B Posts: 9,595 Rep Power: 14926	Re: Drew Brees $100 Million I dont see Brees getting that 27 million. If they still want him I am sure they will restructure the deal. If Brees is worth 100/60 million guaranteed, Schaub should sit around 70/40. __________________

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Remove advertisements Sponsored links