Drew Brees will be an even more fabulously wealthy man. The Saints quarterback has ended his holdout, agreeing to a five-year $100 million contract with an NFL record $60 million “guaranteed.” He will receive a fully guaranteed $40 million in 2012. He can now outfit a much larger army with shiny silver jackets.
Brees receives $40 million in year one and $15 million in year two. The Saints have a window to cut him after the second year, but that would be a bit silly, since he would be due just a $5 million payment and $1 million in salary for the third year.
That $40 million should make Brees, in terms of salary, the highest-paid team sport athlete in the world. Lisk will probably have more advanced metrics later, but, to the layman, it’s hard to argue he’s not worth it.
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