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Signs $50 Mil Deal With New Orleans

There will be no Tom Brady-like departure from New Orleans for Drew Brees ... the future Hall of Famer just agreed to a $50 MILLION deal that'll keep him a Saint for life ... probably.

The contract is a 2-year extension for the Saints' GOAT ... and at 41 years old, it's probably safe to assume this will be the final one of his NFL career.

And, it came with a bit of a discount for the hometown team ... at $25 MIL per season, the former Super Bowl MVP is underpaid when compared to the league's other top QBs.