Tim Polzer
Saturday December 29th, 2012

The New Orleans Saints and head coach Sean Payton have "agreed in principle" on a contract extension, according to Fox Sports' Jay Glazer.

Glazer reported on the NFL Network that the extension is for five more years.

Mike Freeman of CBSSports.com reports a source saying Payton's extension will be in the neighborhood of New England Patriots coach Bill Belichick's annual $7.5 million deal.

Payton has been linked to other teams including the Dallas Cowboys after the NFL voided his 2011 contract extension while serving a season-long suspension connected to the bounty scandal. He could become a free agent if the Saints don't finalize a new contract before he is reinstated.

https://twitter.com/JayGlazer/status/284811913551032320 https://twitter.com/realfreemancbs/status/284818679487672321

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