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Report: Drew Brees signs two-year extension with Saints

New Orleans Saints quarterback Drew Brees during NFC practice at ESPN Wide World of Sports. Kirby Lee-USA TODAY Sports

The New Orleans Saints took care of some expected but still important business on Tuesday. The team agreed to terms with quarterback Drew Brees on a two-year contract worth $50 million, according to NFL Network reporter Ian Rapoport.

Brees had said he wanted to continue playing in New Orleans, and Rapoport is reporting he took less to do it. Considering Kirk Cousins just signed an extension worth $33 million per year, Brees taking $25 million per year is less than he could have gotten on the open market.

The question now is what Brees has left in the tank. He injured his hand this past season and missed five games. He completed a near career high 74.3 percent of his passes, and finished the season with 2,979 yards, 27 touchdowns, and only four interceptions. He’s still got something left, but at some point he’ll hit the wall.

For now though, New Orleans maintains stability at the position. They are expected to be in the market for a backup with Teddy Bridgewater likely signing elsewhere and Taysom Hill the only other option.

DraftKings Sportsbook has the Saints installed at +1200 to win the Super Bowl, which are the fourth best odds behind the Chiefs, Ravens, and 49ers. The Saints win total is listed at 10.5 after opening at 11.