New Orleans Saints Owner Gayle Benson Reaches $999.7 Million Handshake Deal with Drew Brees to Become New General Manager Following Mickey Loomis Departure

In a stunning development that has rocked the New Orleans Saints’ organization, team owner Gayle Benson has reportedly reached a groundbreaking $999.7 million handshake agreement with legendary former quarterback Drew Brees to assume the role of the franchise’s new general manager. This move comes after long-time general manager Mickey Loomis announced his departure from the team, setting the stage for one of the most significant leadership changes in the history of the Saints.

The deal, which is expected to be finalized in the coming weeks, will see Brees transition from his post-playing career as a media personality, philanthropist, and occasional advisor to a full-time role in overseeing the Saints’ roster decisions, player acquisitions, and long-term strategic vision. Though the deal is still in its preliminary stages, sources close to the negotiations have confirmed that the agreement is being hailed as a new era for the Saints—both on and off the field.

The Loomis Departure

Mickey Loomis, who has been the general manager of the Saints since 2002, is widely regarded as one of the most successful executives in the NFL. Under his leadership, the Saints achieved unprecedented success, culminating in a Super Bowl victory following the 2009 season. However, after more than two decades at the helm, Loomis announced earlier this season that he would step down from his position to focus on other responsibilities within the organization, including his role as the team’s executive vice president. While Loomis’ departure marks the end of an era, it also opens the door for a new chapter in Saints’ history—one that will be shaped by Drew Brees’ leadership.

Drew Brees: From Player to Executive

Brees’ transition from legendary quarterback to general manager has been a long time in the making. After retiring from football in 2021, Brees has remained an influential figure in the New Orleans community, both through his charitable work and his involvement with the Saints. He has also maintained a strong presence in the media, working as an analyst for NBC Sports. However, his desire to return to the Saints organization in a more hands-on capacity has been no secret.

The $999.7 million deal is a testament to Brees’ immense value to the Saints franchise and the vision that Benson and other team executives have for the future. While the deal has been negotiated as a “handshake agreement,” it is expected to include a combination of salary, performance-based incentives, and significant equity in the team itself, making Brees not only the general manager but also a long-term investor in the organization’s future. His influence will likely extend beyond personnel decisions, as he is expected to have a say in key business strategies, community outreach initiatives, and the Saints’ overall brand development.

A New Era for the Saints

Under Brees’ leadership, the Saints will look to remain competitive in a rapidly changing NFL landscape. The team, which has been in a transitional phase since Brees’ retirement, is in the midst of rebuilding its roster, with a mix of young talent and veteran players. Brees’ intimate knowledge of the league, combined with his history of success with the Saints, is expected to provide a unique perspective when it comes to scouting, drafting, and negotiating contracts.

Brees’ first major challenge as general manager will be addressing the team’s quarterback situation. While current starting quarterback Derek Carr has shown flashes of brilliance, the Saints have struggled to find long-term stability at the position since Brees’ departure. Brees will likely play a key role in evaluating Carr’s performance and determining the future direction of the offense.

Another area of focus will be the Saints’ defense, which has been one of the team’s strongest units in recent years. However, with several key defensive players aging and free agency looming, Brees will need to make strategic moves to ensure the defense remains formidable while also balancing the team’s financial outlook.

Reaction Around the League

The announcement of Brees’ new role as general manager has sent shockwaves throughout the NFL, with many experts praising the move as both bold and visionary. NFL analysts have noted that Brees’ success on the field—particularly his leadership and ability to manage pressure—could translate well to the front office.

“I think this is a brilliant move by Gayle Benson,” said ESPN analyst Adam Schefter. “Drew Brees is synonymous with the success of this franchise, and he understands the game at every level. His transition into the GM role is something we’ve seen work in other sports, and there’s every reason to believe it will work here. He’s not just a former player—he’s a leader, a winner, and now he’s going to bring that same mentality to the front office.”

The Saints’ fanbase has also reacted with excitement to the news, with many seeing Brees as the perfect person to steer the team through its next phase. Fans are particularly hopeful that Brees’ presence will re-energize the team’s efforts to return to championship contention after a few years of mediocrity post-Brees.

What’s Next?

As the deal moves closer to being finalized, all eyes will be on Drew Brees as he prepares to take on his new responsibilities. The Saints are expected to make a formal announcement in the coming days, including a press conference where Brees will officially be introduced as the new general manager.

For Brees, this is an opportunity to leave an even greater legacy with the Saints—not just as the player who led them to a Super Bowl, but as the leader who helped usher in a new era of sustained success and championship contention. The future of the New Orleans Saints is now in the hands of one of the greatest quarterbacks to ever play the game, and the city of New Orleans, as always, is ready for what comes next.

Finally

With the seismic shift in leadership, the New Orleans Saints are poised to enter a new chapter under Drew Brees’ stewardship as general manager. This $999.7 million handshake deal represents not just a new role for Brees, but a significant moment in the team’s history. As the organization transitions from one era to the next, the hope is that Brees will bring the same level of excellence, leadership, and passion to the front office that he displayed on the field—a promise that Saints fans are eager to see realized.