The New Orleans Saints restructured the contract of Drew Brees, deferring $2.6M in cap charges to next season.
As Jason Fitzgerald notes, the Saints’ cap situation is terrible, as they were pushing against the limit this year and will be close to that next year. The Saints continue to believe they are just a few players from a Super Bowl when they are not.
Brees’ 2016 salary becomes fully guaranteed in February, meaning the Saints will have to make a quick decision on his future. If they finish 5-11 or worse, the best thing would be to find somebody willing to trade for Brees, and failing that, they need to cut him.
Either way, the Saints are very much like the Broncos in 2008 when Mike Shanahan’s bad personnel decisions caught up with him. I may talk more about how the teams compare later on.
UPDATE: Shanahan’s final season with the Broncos was 2008, not 2007. I have corrected that.