Drew Brees Gets Guaranteed $44M in Extension With Saints

Drew Brees

Drew Brees will stay in New Orleans, after agreeing to a new contract extension with the Saints.

The NFL announced that the deal is a five-year deal that voids at two years and has a no-trade clause. In the deal, the 37-year-old QB will get a fully guaranteed $44.25 million over the next two years -- $20 million in 2016 and $24.25 million next season.

It also significantly reduces Brees' $30 million cap hit for for 2016, which was the highest for any player in NFL history.

"Like I always said, these contract situations are just part of the process," said Brees, who mentioned he plans to play more than two more NFL seasons. "Both sides are very happy. Certainly, I'm very happy. I want to play my entire career here ... I'll be here for as long as they want me."

This is Brees' third contract with the Saints, after originally signing with the team in 2006. In 2012, he became the highest-paid player in NFL history (at that point), with a five-year, $100 million contract.

During his decade in New Orleans, he has become one of the best quarterbacks in NFL history. He's racked up 48,555 passing yards and 348 touchdown passes -- the most of any quarterback in any 10-year span, according to the Elias Sports Bureau. He's also won 100 games with the Saints -- including the only Super Bowl victory in franchise history, when the team defeated the Indianapolis Colts after the 2009 season.

He currently ranks fourth in NFL history with 60,903 passing yards and will likely pass Dan Marino for third in Week 2. He and Tom Brady are tied for third in NFL history with 428 touchdown passes.