BREAKING NEWS:Marques Colston Signs 5 Year Extension With Saints

By Alan Schechter

One of the top free agent WRs is a free agent no more.

Marques Colston has agreed to a 5 year extension to remain a New Orleans Saint, roughly earning $40 million over the 5 years, with just under $20 million guaranteed.

“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 deal was done on the heels of the opening of the free agency period, scheduled for 4:00 PM ET today.