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Sean Payton hire: Why Broncos and Saints made the deal and what to expect?

After making the biggest splash move last offseason by trading two first-round and two second-round picks for Russell Wilson, the Denver Broncos were back at it Tuesday with another blockbuster trade.

The Broncos agreed to compensation with the New Orleans Saints in return for Super Bowl-winning head coach Sean Payton, sources told ESPN's Adam Schefter. Payton went 152-89 in 15 seasons as Saints head coach, including a win over the Indianapolis Colts in Super Bowl XLIV. The Saints will receive the Broncos' 2023 first-round pick (No. 29 overall) and their 2024 second-round pick for Payton and the Saints' 2024 third-round selection, sources said.