Sean Payton reportedly agrees to become head coach of new NFL team; compensation for Saints revealed

Sean Payton is reportedly heading back to the NFL ranks as a head coach.

Payton drew interest from the Carolina Panthers, Arizona Cardinals, Denver Broncos and others this offseason, but he has reportedly settled on a destination.

Per ESPN’s Adam Schefter, Payton will take over as the head coach of the Denver Broncos in 2023 and beyond:

Breaking: Saints and Broncos are finalizing compensation in return for Super Bowl-winning HC Sean Payton, sources tell ESPN. This clears the way for Payton to sign with the Broncos to become Denver’s next head coach.

And so Payton is expected to head to Denver as its next HC. pic.twitter.com/HA4RAtE6P8

— Adam Schefter (@AdamSchefter) January 31, 2023

Payton is still under contract with the New Orleans Saints, so a trade needs to be made so Denver can sign him. Per Schefter, the Broncos will send their 2023 first-round draft pick and their 2024 second-round pick to New Orleans in exchange for Payton and the Saints’ third-round pick in 2024:

Compensation: Denver’s 2023 first-round pick and next year’s second-round pick for Sean Payton and the Saints’ 2024 third.

— Adam Schefter (@AdamSchefter) January 31, 2023

Payton won a Super Bowl with the Saints in the 2009 season. He went 152-89 overall in 15 years as the Saints’ head coach.

Can he help the Broncos win a Super Bowl with Russell Wilson as his quarterback? We’ll see how the team fares starting in the 2023 campaign.