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If the Saints were to use their franchise tag on Brees again in 2013, they would have to pay him about $23.5 million, which represents a significantly higher salary cap figure than what either side's five-year proposal calls for in that season.
Such a contract structure would increase the salary cap burden of Brees' deal significantly in the final years, but the salary cap likely will be higher by then.
The current salary cap is about $120 million, but could rise substantially under a new NFL TV deal that will begin in 2014. Under the league's current labor agreement, players are supposed to receive about 55 percent of TV revenues.
If the two sides can narrow their differences on the guarantees, the remaining portions of the contract should be easier to figure out.
Both sides are working from a framework of five years. The difference in the annual average pay is about $1.25 million, with the Saints' last offer at about $19.25 million and Brees' last proposal at about $20.5 million.
However, it is not yet clear how much Brees is willing to come down from his annual figure, which some in his camp have argued is low, based on past trends.
Peyton Manning recently signed a five-year, $96 million deal, which averages $19.2 million. Manning is three years older than Brees and did not play last season because of neck surgery.
Meanwhile, teams have had a history of offering new contracts to elite players which represent annual multimillion dollar increases over the previous top contract for a player at the same position. Detroit receiver Calvin Johnson's last contract averages $16.2 million a year, which exceeds the previous benchmark deal of Arizona's Larry Fitzgerald by more than $1 million per year.
Even major contracts can be negotiated quickly under deadline pressure, and the types of differences the Saints and Brees have now can be resolved in less than a day, so there remains plenty of time to work out a deal.
However, if the deadline passes without a long-term contract, Brees could still hold out for a one-year contract worth more than the current franchise tag. Brees also could hold out until the Saints put it in writing that they will not use the franchise tag on him again next season, allowing him to test the open market.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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