New Orleans Saints quarterback Drew Brees has agreed to a five-year 100 million dollar contract. 60 million dollars of the contract is guaranteed. He will receive 40 million dollars in the first year of the deal. Brees set NFL records for completions, completion percentage, and yards in 2011. The Cleveland Browns selected former Baylor wide receiver Josh Gordon in the second round of the NFL supplemental draft on Thursday. He was dismissed from the Baylor program because of a failed marijuana test in 2010.
He sat out last season at the University of Utah, but declared for the supplemental draft because of financial reasons. Gordon has good size and speed and should help the anemic Brown passing game. Cleveland finished twenty-fourth in the NFL in 2011. Because of this selection the Browns forfeit their second round pick in the 2013 draft.
The NFL is giving teams the option of allowing games to be televised in their local markets with only 85 percent of the non-premium tickets being sold. Since 1973 the NFL has stated 100 percent of the non-premium tickets had to be sold for a game to be televised in a local market. The Buffalo Bills,Indianapolis Colts, and San Diego Chargers have turned down this new option but the Tampa Bay Buccaneers have accepted the option. This means if the Buccaneers sell more than 85 percent of their tickets they will have to give the visiting team a larger share of the ticket revenue than normal. Tampa has lowered some of their ticket prices to increase attendance so more games have the potential to be shown on local television.
The Philadelphia 76ers have amnestied center Elton Brand placing him on waivers and the Dallas Mavericks have placed the winning waiver claim. Brand, who had one year left on his contract with Philadelphia for 18 million dollars will be paid 2.1 million dollars by Dallas and the 76ers will pay the rest. Jeremy Lin of the New York Knicks signed a three year 25 million dollar offer sheet from the Houston Rockets. The Knicks have three days to match the deal or Lin will be the property of the Rockets. At first, the Knicks were expected to match the contract but the structure of the deal will make it difficult for New York. Lin will receive a little over 5 million dollars the first two years of the contract but the payment in the third year balloons to nearly 15 million dollars.
To clear more salary cap space the Rockets amnestied power forward Luis Scola. Scola had three years left on his contract with the Rockets and is owned about 21 million dollars. Scola averaged 15.5 points per game and grabbed 6.5 rebounds a contest. Scola will be highly sought after player on the open market. He could be a missing piece for a contending team.