With the Broncos set to hire Sean Payton as their next head coach, the team had to finalize a deal with the Saints to officially acquire the contractual rights to Payton. Therefore, Denver is expected to send New Orleans a 2023 first-round pick and a ’24 second-round pick, while receiving a ’24 third-round pick to complete the deal, ESPN’s Adam Schefter reports.
Even though Payton retired from the Saints last year, New Orleans still had him under contract. So any team that wanted to hire him needed to provide compensation to the Saints.