Drew Brees, Saints Are $10 Million Apart In Guaranteed Money, According To Report

The deadline is looming for Drew Brees and the New Orleans Saints to agree to a long-term contract. Brees, who has not yet signed his franchise tender or showed up for any of the team's offseason workouts, faces a deadline of July 16 to complete a long-term contract with the team or else he must play out the 2012 season under the franchise tag, which will pay him over $16 million.

The two sides are more than $10 million apart in guaranteed money on what The Associated Press calls a five-year contract worth about $100 million. There's no indication whether they'll be able to close the gap before Monday's deadline.

Brees has already successfully argued that if the Saints franchise him again in 2013 it will qualify as the third franchise tag he's received after the Chargers did the same to him back in 2005. That it's the third franchise tag would mean a 144 percent increase in pay, which equals a franchise number in 2013 of more than $23 million.

So two years of franchise tags for Brees would mean roughly $39 million, which is where the guaranteed money conversation should start between the two sides.

According to a report, Brees could skip training camp if he doesn't have a new deal by Monday, but he's not expected to miss regular season games.

For all news and information regarding the New Orleans Saints, please visit Canal Street Chronicles.

Check out the SB Nation Channel on YouTube

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.