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The franchise tag gives NFL teams the ability to maintain exclusive negotiating rights with one player each season. New Orleans designated Brees, 33, its franchise player in March after the club was unable to reach a new long-term extension with the record-setting quarterback before his previous six-year, $60 million contract expired.
Brees and the Saints still have until July 16 to negotiate a new long-term deal. Otherwise, Brees would have the option of signing his franchise tender of about $16.3 million for the 2012 season. He could also sit out, but has said this week he does not intend to do so.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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