According to ESPN’s Adam Schefter, the New Orleans Saints and free agent Drew Brees remain “well apart” in contract talks, which presents a problem with Monday’s franchise tag deadline approaching fast.

As of right now, the issue isn’t whether or not the Saints will be able to re-sign Brees. The issue is whether or not they’ll be able to re-sign him by Monday and therefore avoid having to tag him so he doesn’t hit the open market come mid March. Brees hasn’t given any indication that he wants to leave New Orleans but the Saints can’t risk losing their most valuable player.

If the two sides don’t come to an agreement by Monday and the Saints do use their franchise tag on Brees, then they’ll risk losing fellow free agents Marques Colston and Carl Nicks. Colston is the team’s No. 1 receiver while Nicks is one of the best guards in the league. Both players have stated that they want to return to New Orleans but they’re also due pay raises.

Per Schefter’s report, Brees told the New Orleans Times-Picayune last week that he was confident he would reach a deal with the Saints. But he appears to be targeting a contract that will make him the highest-paid quarterback in the NFL and when you’re dealing with that kind of money, a deal takes time to structure.

But time isn’t on the Saints’ side. Again, the Saints aren’t in immediate danger of losing Brees but if they would be in much better shape if they can get a deal done this weekend and then at least have the option to tag either Colston or Nicks.