Drew Brees To Sign New Deal Monday

[ryne candy]

Signed 5 year/100 million...40 guaranteed 1st year (according to ESPN).

edit: 60M guaranteed overall.

 

[JimLeavy59]

What a greedy fuck.

 

[July 4 1776]

40 Million....His first year? They have the salary cap for that? Damn lol

 

[tigstah]

cha-ching.....dayum.

 

[bucky]

40 Million....His first year? They have the salary cap for that? Damn lol

Does the guaranteed money get spread out or is that entire 40 off the first year cap.

 

[ThomasTomasz]

40 Million....His first year? They have the salary cap for that? Damn lol

If they do, that's a good move on their part because it frees them up a lot in the next couple years while their window is still open, and not the other way around like contracts in the NFL normally work. Though I thought they were crying poor with this whole off-season situation where Brees, Colston and Carl Nicks were free agents. Brees and Colston are back, and while Nicks went to TB, they got the next best option in Ben Grubbs and he did not come cheap.

 

[KNUBB]

Tom Benson got them deep pockets

 

[st lickem]

well deserved.the most important player to any team in the league.

 

[ThomasTomasz]

well deserved.the most important player to any team in the league.

 

[July 4 1776]

well deserved.the most important player to any team in the league.

Im pretty sure that every other fan of every other team in the league would disagree.

 

[Mogriffjr]

Packers should just get Rodgers done ASAP, so he can become the highest paid player in the league.

 

[Aso]

40 mil guaranteed in his first year is insane.

Rotoworld:

7/13/2012: Signed a five-year, $100 million contract. The deal contains $40 million guaranteed -- a $37 million signing bonus and Brees' first-year base salary. 2012: $3 million, 2013: $10 million, 2014: $11 million, 2015: $19 million, 2016: $20 million, 2017: Free Agent

Profootballtalk.com reports Drew Brees' five-year, $100 million deal includes a $37 million signing bonus, and that Brees will count just $10.4 million against the cap this season.
It means Brees will count nearly $6 million less against the salary cap than he would have under the franchise tag. Brees' 2012 base salary is a measly $3 million, but he'll bring home a total of $40 million guaranteed. The full details of Brees' contract can be found at the link.

Is there anyone that can explain the bold to me? How will he count less against the cap if he's receiving 40 mil in ONE season?

 

[TheImmortalGoud]

He gets 40m upfront, but it can be spread throughout the contract.

 

[NAHSTE]

40 mil guaranteed in his first year is insane.

Rotoworld:

7/13/2012: Signed a five-year, $100 million contract. The deal contains $40 million guaranteed -- a $37 million signing bonus and Brees' first-year base salary. 2012: $3 million, 2013: $10 million, 2014: $11 million, 2015: $19 million, 2016: $20 million, 2017: Free Agent



Is there anyone that can explain the bold to me? How will he count less against the cap if he's receiving 40 mil in ONE season?

37 million of that is a signing bonus.

 

[ram29jackson]

interesting....heres a ton of money even though you dont remotely compare to a Brady..and we are going suck anyway due to other team problems.....?

 

[KNUBB]

interesting....heres a ton of money even though you dont remotely compare to a Brady..and we are going suck anyway due to other team problems.....?

:yao:

The loss of 2 total players is gonna make the team suck. :golfclap:

 

[st lickem]

not to mention the huge upgrades on the linebacker unit. Dumb