Nearly two weeks after suspended New Orleans Saints Coach Sean Payton and the New Orleans Saints agreed in principle to a five-year contract extension, the team has officially announced that they have signed their Super Bowl winning coach. The Saints announced the deal Wednesday evening, hours after General Manager Mickey Loomis said there were still some details to be worked out before the contract was ready to be submitted for approval by the NFL. But the contract has been signed and submitted to the league. Payton's five-year contract extension will run through the 2017 season. The deal reportedly will pay Payton more than $8 million a season, making him the highest paid coach in the league. "I am excited that we have finalized this contract with Sean," Saints Owner Tom Benson said in a release. "He has been a great leader for our organization. He and Mickey (Loomis) have built a foundation of success as they have built the roster. 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." Source: The Times Picayune
