However, the Saints’ efforts to convince Norman to come to New Orleans ultimately failed and he signed a five-year, $75 million deal with the Redskins last night.
The Saints are obviously in a tough position in regards to their cap, so they would have had to do something in order to fit Norman on their books. Brees represents the easiest source of cap space, seeing as he counts their $30 million against their 2016 cap.
It remains to be seen what Brees was specifically offering to do in regards to his contract, but there is only two options: 1) take a pay cut, 2) sign an extension.
Werder reported a month ago that the Saints were discussing a four-year contract extension with Brees and a new deal would offer them a much better cap situation moving forward.
Although, there could be a distance between the two parties in regards to what Brees is worth.
Brees, 37, has one year remaining on his five-year, $100 million contract that included $40 million guaranteed. He stands to make a base salary of $19.75 million of in 2016, while $10.85 million of that salary was guaranteed as of last Wednesday.
In 2015, Brees has thrown for 4,870 yards while completing 68.3 percent of his passes to go along with 32 touchdowns and 11 interceptions over the course of 15 games. Pro Football Focushas him rated as the No. 6 quarterback out of 37 qualifying players.
We’ll have more regarding a contract extension for Brees as the news is available.