The Saints and quarterback Drew Brees are working on a two-year deal that could be completed today, according to Ian Rapoport of NFL.com (Twitter link).
Brees’ current contract with New Orleans will void on March 14, the first day of the 2018 league year, and if no new deal is reached, the Saints will incur $18MM in dead money on their salary cap. By hammering out an extension, the Saints will keep that dead money total at a relatively manageable $6MM in 2018 while retaining their franchise quarterback.