Saints quarterback Drew Brees has agreed to terms on a five-year, $100 million deal with $40 million in the first year of his contract in 2012.
"Deal is Done! Love you, Who Dat Nation. See you soon," Brees posted on his Twitter feed at 1 p.m. CT Friday.
The contract includes $61 million in the first three years, all guaranteed, which is a record for any NFL contract.
The $100 million total value of the deal trumps the five-year, $96 million contract Peyton Manning signed with the Broncos in March, making Brees the highest-paid quarterback in the NFL.
The deal isn't just new ground for the NFL at the position -- an average salary of $20 million -- it far exceeds Brees' previous deal with the Saints. New Orleans signed Brees to a six-year, $60 million deal as a free agent in 2006. He was coming off a shoulder injury in his final season with the Chargers, who turned the starting job over to first-round pick Philip Rivers.
Brees is coming off of a record-setting season in which he broke Dan Marino's record for passing yards with 5,476 and completed 71.2 percent of his passes, breaking his own record (70.6 in 2009). Brees and the Saints set a record for total offense, gaining 7,474 to beat the 2000 St. Louis Rams' mark of 7.075.