The Saints have traded Reggie Bush, ending months of speculation as to what would happen with the former No. 2 overall selection.
After a late night frenzy of stories broke Wednesday reporting that a deal was on the table, early Thursday Bush and the Miami Dolphins agreed to a two-year deal, Bush's agent Joel Segal said.
According to ESPN, the Saints will receive second-year safety Jonathon Amaya in the deal.
Bush's restructured contract with Miami will be for two years and is worth $10 million, Andrew Brandt of the National Football Post reported.
FoxSports.com's Jay Glazer tweeted late Wednesday night that the Saints and Miami Dolphins had set terms for a deal that would send Bush to South Florida contingent upon the running back agreeing to the terms of a new contract with the Dolphins.
A short time after Glazer's tweet, Miami Herald Dolphins beat writer Jeff Darlington confirmed Glazer's report with his own sources. Darlington cautioned that Miami general manager Jeff Ireland was going to take the night to mull over the offer and hammer out any final details that needed to be hammered.
He was set to make $11.8 million this season if he were to play out the final year of his contract. But both Bush and the Saints acknowledged long ago that that would never happen and that for the running back to stay in New Orleans, he'd have to renegotiate his contract.
Trading Bush gets the Saints something in return and also keeps the multi-dimensional running back out of the NFC South, where Tampa Bay has a bank vault full of cash money it needs to spend to hit the salary cap minimum.
As Bush takes his talents to Miami, he becomes the second Saints' first-round selection who came to the team as a Heisman Trophy winner to go to the Dolphins. Ricky Williams, the Saints' first-round pick in 1999, went to Miami prior to the 2002 season after three years with New Orleans.
-- Bradley Handwerger, WWLTV.com Sports Writer