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According to ESPN, the two teams agreed to
compensation on Tuesday afternoon that would clear the path for
Payton to be hired by the Broncos. Denver would trade a
first-round pick in 2023 -- No. 29 overall -- and a second-round
pick in 2024 for Payton and a third-round pick.
Payton, 59, is the biggest name available in the coaching
market. He is still under contract with New Orleans through the
2024 season after stepping aside as the Saints' coach in January
2022 after 15 seasons.
Payton said last week that the price for an NFL team to hire him
in this cycle would likely be a mid- to late-first-round draft
pick.
In addition to the Broncos, Payton also has interviewed with the
Houston Texans, Arizona Cardinals and Carolina Panthers.
The 2023 first-round draft pick was received in the trade
deadline deal with the Miami Dolphins for outside linebacker
Bradley Chubb.
Payton took last season off after coaching New Orleans to a
152-89 record in 15 seasons. He guided the Saints to the 2009
season Super Bowl title.
The Super Bowl-winning season is the lone time Payton has won
multiple games in the postseason. He has a 9-8 mark in nine
appearances.
The Saints won 10 or more games nine times under Payton. They
went 9-8 in his final season in 2021.
The Broncos have missed the playoffs in seven straight seasons
and have sustained six consecutive losing campaigns.
Despite acquiring quarterback Russell Wilson from the Seattle
Seahawks prior to last season, Denver was just 5-12 and
first-year coach Nathaniel Hackett was fired with two games
remaining in the regular season.
--Field Level Media
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