Brees, Saints agree to extension, sources say

METAIRIE, La. -- Drew Brees and the New Orleans Saints waited until the 11th hour. But they finally agreed to contract extension Wednesday, according to league sources -- four days before the quarterback's self-imposed Week 1 deadline.

The extension will be announced as a five-year deal but contains an automatic void to two years, sources told ESPN's Ed Werder, meaning Brees is contractually committed to Saints for this season and next only. His $20 million salary this season and $24.25 million for next season -- a total of $44.25 million -- is fully guaranteed, the sources said.

The deal also includes a no-trade clause and forbids the Saints from using their franchise tag on the quarterback.…