Drew Brees agreed to a two-year, $50 million contract to remain with the New Orleans Saints.
The deal includes $27 million guaranteed according to NFL Network and ESPN.
“I love my team and am excited about the opportunity we will have together,” Brees told ESPN.com.
Brees, 39, said after the season-ending playoff loss to the Minnesota Vikings that he planned to be back with the Saints. The contract rates as a relative discount considering Brees’ production and the exploding market for quarterback contracts, including a five-year, $137.5 million deal for Jimmy Garoppolo with the San Francisco 49ers.
Brees’ last one-year extension was worth $24.25 million. According to ESPN, Brees had at least one other offer from an undisclosed team that was willing to guarantee him $60 million over two years.
“There was no doubt in our minds, I think both myself and the Saints, that we were gonna get a deal done,” said Brees. “It was just a matter of what was the most fair deal for me and for the team to put us in the best position to succeed in the near future. And that’s what we tried to do with the deal.”
The Saints won the NFC South and should bring back the majority of their starters on both sides of the ball.
“I think that provides certainly the team with the most flexibility when it comes to being able to anticipate the future and the ability to acquire free agents and re-sign players on our existing roster that will build a championship team,” Brees said of his new deal.
–Field Level Media