The specific details are in on Drew Brees' new two-year, $50 million extension with the New Orleans Saints -- which is basically a one-year, $27 million deal with a team option for $23 million in 2019.

The Saints will have to decide whether they want to keep Brees by the third day of the 2019 league year, when he is due a $11.95 million signing bonus.

Brees, 39, is scheduled to cost $24 million against the salary cap this year, $33.5 million against the cap in 2019 and $10.5 million against the cap in 2020 after his deal has expired. However, the Saints could easily change that to $27.5 million in 2019 and $16.5 million in 2020 if they convert next year’s roster bonus into a signing bonus.

The Saints are able to push some of Brees’ cap costs into 2020 because they added a third year into his new deal that will void automatically. They did something similar with his previous contract, which is why he is still carrying $18 million of “dead money” from his old deal into this new deal.

Here is the year-by-year breakdown.

2018: $13.5 million roster bonus due at the time of signing. $3.3 million roster bonus due on third day of league year. $10.2 million base salary (fully guaranteed). Total cash: $27 million. Cap cost: $24 million (including $6 million in “dead money” from previous deal).

2019: $11.95 million roster bonus due on third day of league year. $11.05 million base salary. Total cash: $23 million. Cap cost: $33.5 million (including $6 million in “dead money” from previous deal).

2020: Automatically voids on the last day of 2019 league year. Cap cost: $10.5 million (including $6 million in “dead money” from previous deal).