Sources: QB Brees to get new deal

Updated: February 4, 2010, 2:41 PM ET
By Adam Schefter | ESPN

Just as the Indianapolis Colts say they will extend quarterback Peyton Manning's contract this offseason, the New Orleans Saints will do the same for their quarterback, Drew Brees, according to sources close to the situation.

The Saints intend to redo Brees' deal later this year to bring his salary more in line with the game's top quarterbacks. This season Brees was the 17th-highest paid quarterback in the league, yet he finished second in the league in MVP voting and led New Orleans to the first Super Bowl in franchise history.

New Orleans considered extending Brees' contract last offseason, but opted to wait another year. Now that it has, the price only has risen with Brees performing the way he has. Should the Saints win Super Bowl XLIV, Brees practically would be able to name his price.

Discussions on a new deal have yet to begin, but they will this offseason. A contract is expected to be wrapped up by the time the Saints report to training camp if not during it, but nobody around the league expects Brees to play the 2010 season under the six-year, $60 million contract that he signed in March 2006.

Interestingly, agent Tom Condon represents both Super Bowl quarterbacks, Brees and Manning. Condon will have a large influence in an offseason that will re-establish top quarterback salaries. Last offseason, the Giants signed quarterback Eli Manning to the richest contract in NFL history, and San Diego signed quarterback Philip Rivers to a slightly smaller deal.

Now, Brees and Manning are expected to get new contracts, and New England also plans to discuss a new deal with quarterback Tom Brady, who has one year remaining on his contract.

Adam Schefter is ESPN's NFL Insider.