New Orleans Saints quarterback Drew Brees passed a physical and signed his five-year, $100 million contract on Sunday.

Brees and the Saints reached an agreement Friday on the terms of a new deal, which includes an NFL-record $60 million in guaranteed money and a $37 million signing bonus. Brees will make $40 million in the first year of the contract.

"I hope everyone has a great Sunday," Brees tweeted after signing his contract. "Training camp will be here soon. I look forward to seeing the Who Dat Nation in full force."

Brees, who was designated as the team's franchise player this offseason but refused to sign the tender, had not attended any of the Saints' offseason activities while looking for a long-term deal.

Brees, an 11-year veteran, was coming off a record-setting season in which he established new NFL marks for passing yards (5,476), completions (468) and completion percentage (71.2).

He was also named to the NFC Pro Bowl team and led the NFL with 46 touchdown passes and an average of 342 passing yards per game. His 110.6 passer rating ranked second in the NFL.

Brees, who led the Saints to the Super Bowl title after the 2009 season, has thrown for 40,742 yards and 281 touchdowns over 154 career games with the San Diego Chargers and Saints.

The Saints report to training camp on July 24.