Drew Brees will play for the Saints for another two seasons.
New Orleans agreed to a two-year deal worth "roughly $50 million" with their veteran quarterback, according to NFL Network's Ian Rapoport.
The deal comes after Brees announced in an Instagram post last month that he would forgo retirement and return for the 2020 season. At the Pro Bowl, he said he planned to wait "a month or so" before deciding whether to return to the NFL for his 20th season.
Brees was set to become an unrestricted free agent on March 18, but he's repeatedly stated his desire to not test the open market.