Drew Brees’ Multi-Million Jewelry Lawsuit Is Heating Up!
ByJoey Heldon September 8, 2018inArticles›Sports News
Drew Brees is one of the most successful passers in NFL history, holding a handful of team and league records. But off the field, he’s engaged in a legal battle that might be even more painful than a defensive end sacking him.
Brees is suing Vahid Moradi, his old jeweler, claiming the company has cost him millions of dollars over several years.
The biggest offender: a 4.09 carat diamond Brees originally bought in 2015 for $8.1 million. The quarterback believed the jeweler was overvaluing the diamond, and he took it to a third-party appraiser.
That appraiser offered a value of $2 million – about four times less what Brees paid for it. Cutting his losses, Brees eventually sold the diamond for $3.75 million this spring.
Jayne Kamin-Oncea/Getty Images
Complicating matters, though, is the fact that the man who appraised the diamond received a commission for brokering the deal with the new buyer. If that seems suspect to you, you’re not alone. Vahid Moradi attorney Eric George felt the same way, and discovered something interesting after a little digging.
There was a pretty amazing interaction during a recent deposition in which attorney Eric George asked Drew:
“Would it surprise you to know that it’s being offered right now at a wholesaler’s for $6.8 million?”
Drew’s response according to the court transcript was:
“[Brees shakes his head]”
Apparently that same diamond, the one that Drew bought for $8m then sold for $3.8m, is currently being sold for $6.8 million at a wholesaler. And were it to be sold at a retail store like Tiffany, it could fetch up to $10 million.
Of course, that’s just the current asking price for the diamond, not what it’ll actually sell for. However, it doesn’t change Brees’s stance that he feels cheated by the jeweler.
The court case will likely drag out over the course of this season. In the meantime, we’ll just have to see where that diamond ends up.
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Can The New Orleans Saints Afford A $30 Million Salary Cap Hit For Drew Brees Next Season?
ByTravis Pulveron January 13, 2016inArticles›Sports News
Drew Brees is one of the best quarterbacks in the NFL. His team, the New Orleans Saints, is far from being the best in the business. This season they finished 7-9, the third time in four seasons they finished below .500, and didn’t make the playoffs. They had an epically bad defense, and will need to address some of the holes through free agency in the off-season.
To do so, they are going to need room under the salary cap. They are currently hovering at around $150 million, and about $10 million over the cap. That means they are going to have to make some cuts.
They could do so by cutting out a number of smaller contracts or bite the bullet and cut a big one – which means cutting a major player. With a $30 million salary cap hit, the obvious candidate would be quarterback Drew Brees .
Photo by Kevin C. Cox/Getty Images
From a financial standpoint the move makes sense. If he were released he would still account for $10 million towards the cap, but that would put them under the cap and give them some much needed room. Enough? Probably not, but it would be a good start.
However, from a football standpoint, it would be sheer lunacy. The Saints have had one of the top passing offenses in the league since Brees joined them back in 2006. Behind his league leading 4,870 yards, the Saints actually had the No. 2 offense during the regular season in spite of their 24 th ranked rushing offense.
Could they do it without Brees? Probably not. The Saints have yet to develop the heir apparent to the soon to be 37-year-old Brees. Last season, veteran back-up Luke McCown served as the No. 2 and the team also had Matt Flynn on the roster. They did take promising Colorado State quarterback Garrett Grayson in the 2015 draft, but he is a work in progress and did not throw a single pass in the regular season.
Photo by Kevin C. Cox/Getty Images
The Saints are built for the pass and need a good passer at quarterback if they are going to continue to have any success on offense in the future. Maybe Grayson will be up to the task, but is the chance at another losing season and seriously angering the entire fan base worth taking the chance? It will not matter if the defense improves only for the offense to regress.
Drew Brees, in spite of his age, is not going anywhere. His skills do not appear to be slipping yet, so there is every reason to think he will produce just as well next season as he did this season. There is a way he could help the team with the salary cap once again.
He could do what Tom Brady did , and give the Saints a home team discount (Brady is playing under a three-year, $27 million deal), but that is not likely to happen. No, he’ll probably sign a contract extension that will allow the team to push off the salary cap hit to another year(s).
It will only be a Band-Aid on the salary cap woes of the New Orleans Saints, but for now it is the best option the team has.
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