Saints Renegotiate Drew Brees Contract, Here's Why....

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Jason Fitzgerald of Over The Cap was first to report the news of Brees’ restructured contract on Friday night. It’s a move that’ll free up nearly $24 million in cap space for the Saints.

New Orleans is expected to be roughly $90 million over the projected salary cap for the new league year, so Brees’ renegotiated deal will help bring that number down dramatically. He’ll hold a cap charge of $12.25 million until June 1, which then drops to $11.15 million if he officially retires from the NFL. That being said, the legendary quarterback would still have a $11.5 million cap charge the following year.

So, what does this mean for Brees’ future with the Saints? Well, the writing is on the wall with the move. Though he hasn’t officially retired just yet, the fact that he restructured his contract to this magnitude lets you know at where his mind is at.

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