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NFL’s Saints Sign Suspended Coach Payton to Five-Year Extension

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Jan. 10 (Bloomberg) -- The New Orleans Saints signed a five-year contract extension with coach Sean Payton, who was suspended for the 2012 season due to a performance pool in which players got bonuses for injuring opponents.

The Saints announced yesterday on their website that Payton’s extension runs through the 2017 National Football League season.

Terms of the deal were not released by the team. ESPN reported Dec. 29 that Payton will receive more than $8 million per season, making him the NFL’s highest-paid coach. ESPN based its report on a person in the league who requested anonymity.

“I am excited that we have finalized this contract with Sean,” Saints owner Tom Benson said in a statement on the team’s website. “We have already begun preparations for the 2013 season and I look forward to getting Sean back in the building as soon as possible, as I know our fans do as well.”

Since being hired by the Saints in January 2006, Payton, 49, has led the club to a 62-34 record as well as three division titles and four postseason appearances. The 2009 New Orleans squad won the Super Bowl.

To contact the reporter on this story: Rob Gloster in San Francisco at rgloster@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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