Sunday, March 4, 2012

Dammit: Saints put "exclusive" franchise tag on Drew Brees

New Orleans Saints tag Drew Brees with exclusive rights franchise tag - ESPN
Published on | shared via feedly

The New Orleans Saints have placed their exclusive-rights franchise tag on quarterback Drew Brees, the team confirmed Saturday.

The Saints were unable to agree to a long-term deal with Brees and didn't want to risk losing him in free agency.

The franchise tag for a quarterback currently carries a $14.4 million salary cap hit, but the number could increase later this spring when the quarterback cap numbers are re-evaluated.

Sources told ESPN NFL Insider Adam Schefter on Friday that Brees and the Saints remain millions of dollars apart in contract talks.

The two sides, both of which believe they are making a fair offer, are facing a gap of $5 million per season for the first three seasons of the proposal, sources told Schefter.
 Read more here.