Drew Brees and the New Orleans Saints have agreed to a new two-year deal worth $50 million, a source confirmed to ESPN, keeping the future Hall of Famer off the free-agent market as expected.
The news was first reported by NFL Network.
Brees' deal will be written as a two-year deal, but in actuality it will be a one-year deal with a team option after the first year, per source. It also will include a no-trade clause, virtually ensuring that Brees finishes his career in New Orleans.
Brees, who turned 39 in January, insisted all along that he wants to be a "Saint for life" and didn't plan to let any other teams in on a bidding war -- even though he possibly could have become the highest-paid player in NFL history for the second time in his career if he had done so.