For some reason rumors were flying on Wednesday and again on Thursday morning that Drew Brees and the New Orleans Saints were nearing an agreement on a new contract. That sounds good but it doesn't appear to be accurate. Several other reports have shot down the rumors that the two sides are close.
It's unclear if they were reporting new details from sources or if they were just making predictions based on recent reports that the two sides aren't that far apart. Regardless, sources with knowledge of the negotiations have said there is no indication a deal is that close.
Brees has to sign a long-term contract by July 15 or he'll have to play the 2012 season under the one-year franchise tag (or not play at all). So consider July 15 as the real deadline in this negotiation and it seems unlikely we'd see a deal until sometime closer to that date.
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