NEW ORLEANS – Drew Brees has agreed to renegotiate his salary down to the NFL minimum in 2021, a move that would save the New Orleans Saints considerable space under the salary cap next season, a person with knowledge of the situation said Friday night.
The person spoke to The Associated Press on condition of anonymity because neither the Saints nor Brees have publicly discussed the new contract agreement, which was first reported by overthecap.com.
While the 42-year-old Brees has not announced his retirement, guaranteed money from his previous contract, which ran through 2021, would have counted more than $22 million against the salary cap next season if the record-setting QB chose to stop playing this year.