The New Orleans Saints and quarterback Drew Brees have reached a one-year contract extension, the team announced.
The deal is reportedly for one year that will guarantee Brees a total of $44 million over the next two seasons, according to NFL Media's Ian Rapoport. Brees can not be franchise tagged or traded under his new deal.
Brees, 37, was entering the final season of the five-year, $100 million deal that he signed in 2012, and is set to earn $19.7 million this season. At the time, the deal made him the highest paid player in the NFL.
Brees is coming off a 2015 season in which he threw for an NFL-best 4,870 yards with 32 touchdowns as the Saints went 7–9. He is the NFL's active leader in passing yards (60,903) and touchdowns (428).
New Orleans has missed the playoffs in each of the past two seasons.