Drew Brees agrees to cut his salary at the Saints

As a sign of impending retirement, the quarterback struck a deal with New Orleans to reduce space below the salary ceiling.

In the most recent sign that Drew Brees is preparing to retire after 20 seasons, the Los Angeles quarterback New Orleans Saints It’s been agreed For 2021, reduce your salary from $ 25 million to the veteran minimum of $ 1.075 million, a source confirmed ESPN.

The movement will release about 24 million in salary cap for a team of Saints The outdoor season was expected to start about $ 100 million above the salary ceiling.

The deal was first reported by Over The Cap.

BreesThe 42-year-old has yet to reveal whether he plans to officially retire. However, the move has been widely expected for months. The head coach of the Saints, Sean Payton, said on Wednesday that he expects an announcement about the future plans of the Brees within a week or two.

Brees and the Saints they would wait until after June 1 to officially file their retirement papers so that they could spread their remaining salary ceiling costs over the next two years. Brees was slated to hit $ 36.15 million over the salary cap this season, with an additional 11.5 million “dead money” hit slated to hit the 2020 salary cap of previous signing bonuses.

Now it will impact by just 12,225 million from the salary ceiling up to June 1, which would be cut to 11.15 million after it is officially withdrawn. However, in that scenario, it would hit an additional 11.5 million by next year’s salary cap, for a total of 22.65 million in dead money.

And Brees retires will leave as the all-time NFL leader in passing yards (80,358) and will be second in history in touchdown passes (571) and completion rate (67.7 percent).

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