The fact the deal was not done before the legal tampering window opened was mildly concerning, but Brees was never expected to leave New Orleans.
According to NFL.com and ESPN, the 39-year-old has signed a two-year, $50million deal and will be guaranteed will be $27m once the deal becomes official.
Let the bidding war for Drew Brees begin.
EU, Japan start push for exemptions from Trump tariffs
Trump tweeted on Friday that he spoke with Australian Prime Minister Malcolm Turnbull about trade and military cooperation. However, he said "real friends" of the U.S. could win waivers from the measures, which come into force after 15 days.
"But for me", Brees said, "this was about putting our team in the best position to go win a championship in the next few years".
If the Saints hadn't reached a deal with Brees, $18 million of prorated signing bonus would have gone onto the deal as dead cap.
Brees threw for 4,334 yards, 23 touchdowns and eight interceptions last season while leading the Saints back to the playoffs for the first time since 2013. During the next two years, among the National Football League records within Brees' reach is passing yards (he has 70,445; Peyton Manning's record is 71,940) and touchdown passes (Brees sits at 488; Manning's record is 539). He joined Brett Favre and Petyon Manning in that exclusive club.
The Saints will hope 2017 was not an aberration as they move forward with Brees under center.
Brees has publicly vowed to remain a "Saint for life" and the team's preference is to pay him one year at a time.