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El Supremo

(20,365 posts)
Fri Jul 13, 2012, 02:06 PM Jul 2012

Brees did it. Record $100 Million.

Sources: Drew Brees, Saints agree

Drew Brees and the New Orleans Saints have reached an agreement on a five-year, $100 million contract that all sides concur will guarantee Brees an NFL-record $60 million, including a first-year take in 2012 of $40 million, according to league, players union, and team sources.

The accord was struck Friday morning in the latest round of negotiations between Saints general manager Mickey Loomis and Brees' agent, Tom Condon.

Brees had until Monday at 4 p.m. ET to reach a long-term contract with the Saints or his only option would have been to play in 2012 under the terms of his franchise tender of $16.371 million. But he had no plans to report to training camp without a long-term contract, sources said.

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....

http://espn.go.com/nfl/story/_/id/8163701/sources-drew-brees-new-orleans-saints-agree-record-contract

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Brees did it. Record $100 Million. (Original Post) El Supremo Jul 2012 OP
wait a minute...$40 FUCKING MILLION for ONE YEAR?????? charlie and algernon Jul 2012 #1
Wow. TZ Jul 2012 #2
Insane Auggie Jul 2012 #3
Inconceivable RockaFowler Jul 2012 #5
Signing bonus JonLP24 Jul 2012 #9
Shit! El Supremo Jul 2012 #4
and how much is Tebow getting from the Jetskis/Broncos??? madinmaryland Jul 2012 #6
His reward will be in heaven. El Supremo Jul 2012 #7
Yes I did find Jesus... madinmaryland Jul 2012 #8

JonLP24

(29,322 posts)
9. Signing bonus
Mon Jul 16, 2012, 09:10 AM
Jul 2012

The article is off when it says salary. Brees has a $37 million signing bonus. His salary for the 2012 season is $3 million. Next year he'll make $10 million.

I don't get the insane part, the signing bonus is prorated over their 5-years. The cap hit is $7.4 million this season + the $3 = $10.4 million.

As far as baseball players go, the highest paid player is going to bring in $25.4 million a year, Brees will bring in $20 million. Though I don't complain about the salaries sports figures receive. It's only a fraction compared to what owners bring in.

El Supremo

(20,365 posts)
7. His reward will be in heaven.
Fri Jul 13, 2012, 06:51 PM
Jul 2012

You sure are concerned about St. Timothy lately. Have you finally found Jesus?

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