Saints, WR Colston agree on new five-year deal
NFL.com
Published: March 13, 2012 at 12:48 p.m. Updated: March 13, 2012 at 05:46 p.m.
Take Marques Colston off the list of free agents set to hit the market as part of Tuesday's frenzy.
The Saints receiver has agreed to a new five-year contract with the team, Fox Sports insider and NFL Network contributor Jay Glazer reported Tuesday.
Colston will receive a maximum of roughly $40 million over five years, with just under $20 million guaranteed, a league source told NFL Network insider Jason La Canfora.
"This was important to me, to be back with this team in this situation," Colston said in a statement released by the team. "I was not looking to chase free agency; it was more important for me to be back in our program, a program we have been building and a program I believe in. The Saints have been loyal to me from the beginning and I want to thank my agent Joel Segal and Saints (general manager) Mickey Loomis for getting this deal done before free agency. Now it is time to get back to work and win some more rings."
The sides were hard at work on a deal in the hours leading up to free agency.
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