One of the top free-agent wide receivers is off the board.
The Saints confirmed that they re-signed WR Marques Colston to a five-year deal on Tuesday. Fox Sports' Jay Glazer first reported the news.
The sixth-year veteran would have hit the open market Tuesday afternoon, but will remain in New Orleans. Colston has had over 1,000 yards receiving in five of his six seasons. In 2011, he played in 14 games with seven starts, catching 80 passes for 1,143 yards and eight touchdowns.
The deal is reportedly worth close to $40 million with $19 million guaranteed.
Colston has 48 career touchdowns. He was one of the Saints' top free-agent priorities. They placed the exclusive franchise tag on QB Drew Brees last week. OG Carl Nicks, CB Tracy Porter and WR Robert Meachem are all set to be unrestricted free agents on Tuesday.
The way we see it
Getting this deal done gives the Saints' receiving corps the much-needed stability that would have been jeopardized if Colston had hit the open market with Robert Meachem also due to hit the open market. Colston is the closest thing the Saints have to a No. 1 wide receiver and brings size, toughness and physicality to New Orleans' prolific passing game.
The Saints have avoided the obstacle of trying to replace Colston, and their other top potential free agent, Nicks, is mulling an offer to re-sign.