He's a good player, but he's not worth that much money. He's not the second coming of Marino, Elway, Montana, Steve Young, Peyton Manning, Tom Brady.
Good teams have a certain salary structure and will not overpay. If the Saints are truly offering that, then they are a foolish and desperate organization. Financial moves like that are what keep certain teams second tier.
I don't want Brees at that price. Rather take my chances with the draft and sign other FA's to bolster our O-line, secondary and LB depth.