The Denver Broncos have agreed on compensation with the New Orleans Saints to acquire the rights to head coach Sean Payton, per ESPN's Adam Schefter.
The Broncos will deal their 2023 first-round pick and 2024 second-round selection for Payton and the Saints' 2024 third-round choice.
Payton stepped down after the 2021 season, but the Saints held his rights through 2024 since he signed a five-year contract extension in 2019.
The Broncos and Saints had already done a lot of draft wheeling and dealing before this reported trade.
Denver traded its original 2023 first-rounder to the Seattle Seahawks in last offseason's Russell Wilson deal, but the Broncos got a first-rounder back when they dealt Bradley Chubb to the Miami Dolphins.