As a sign of impending retirement, the defender has reached an agreement with New Orleans to ease the space below the salary cap.
In the latest sign that Drew Brees the Los Angeles defender is preparing to retire after 20 seasons New Orleans Saints He agreed reduce the 2021 salary from $ 25 million to a veteran minimum of $ 1.075 million, confirmed a source for ESPN.
The movement will release about 24 million in salary cap for a team of The saints was projected to start the offseason with about $ 100 million over the salary cap.
The transaction was first reported by Over The Cap.
BreesThe 42-year-old has not yet announced whether he intends to officially retire. However, the move has been widely expected for months. The head coach of The saintsSean Payton said Wednesday he was waiting for an announcement about his future plans Brees within a week or two.
Brees and The saints would wait until after 1 June to formally submit his retirement documents so that he could split the costs of the remaining salary cap over the next two years. Brees it was projected to reach $ 36.15 million against the salary cap this season, with another 11.5 million “dead money” that would have reached the 2020 salary cap from previous signing bonuses.
It will now have an impact of only 12,225 million compared to the salary limit until June 1, which would be reduced to 11.15 million after it is officially withdrawn. However, it would still reach 11.5 million compared to next year’s salary cap in this scenario, for a total of 22.65 million in dead money.
And Brees retires, will go off as the all-time NFL leader in passing courts (80,358) and will be second in history in touch passes (571) and completion percentage (67.7 percent).