Brees said he’s isn’t sure why contract talks regarding an extension haven’t progressed during the offseason.
“Not sure why things have not progressed,” Brees said. “They made an offer in March, we made an offer shortly thereafter. And besides the Josh Norman deal, there has been no talk of a contract since.”
Brees added that he would like to have a deal in place by the start of the NFL season, as he has no plans to discuss a new contract during the season.
Triplett writes that the guaranteed money included in the deal will be the biggest issue for the two parties. In total, Triplett can see Brees targeting over $60 million in guarantees, which is more than Andrew Luck and Joe Flacco received in their new deals.
New Orleans is clearly comfortable carrying Brees’ $30 million cap figure for the 2016 season and seeing how Brees holds up this year before reconsidering an expensive contract.
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 Focus has 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.