The Denver Broncos officially made Sean Payton their new head coach on Tuesday, acquiring the one-time Super Bowl champion in a trade with the New Orleans Saints. Here are the details of his trade and contract...

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It took a while but the Broncos eventually negotiated the price down although Sean Payton was still expensive. The Broncos surrendered their first-round draft pick, No. 29 overall, plus their second-round pick in 2024 to the Saints in exchange for Sean Payton and New Orleans' third-round in 2024.

"The parameters of Payton's contract had been agreed to although details were still being worked out as of Tuesday evening," Klis wrote. "Payton was expected to receive a contract of at least five years worth somewhere between $17 million and $20 million a year."

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StrikeIndicator•27 months

I sometimes wonder what’s going through the GM/owners head while sitting in their suite. I look across at Loomis and he’s just sitting by himself below Ms. B.

Mr Happy•27 months

I wish we could get draft picks for Dennis Allen. I'd even throw in the transgendered Saintsation.

DVinBR•27 months

washed up, nothing without Brees

BowDownToLSU•27 months

Right Dennis

cajunmud•27 months

He was wanting $20-$25M/yr. So, his tactic seemed to have worked. Read somewhere the other day that a good coach should get half of what a good QB gets per year nowadays. Looks like this is in the ballpark.

Bamafan24•27 months

Isn't there a buyout clause?

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