Source: Sean Payton agrees to deal

By Adam Schefter | ESPN

Sean Payton and the New Orleans Saints have agreed to a five-year contract extension, according to a league source.

The terms of the extension are undisclosed, but may be similar to the deal that was earlier disapproved by the league, according to a league source.

The Saints were given written permission by the NFL to negotiate a contract extension with the suspended Payton in November.

The extension agreed upon by Payton and the Saints was rejected by the league because it contained a clause allowing Payton to leave if general manager Mickey Loomis was suspended or departed the organization.

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