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Source: Payton, Saints Agree To Extension

Hannah Foslien/Getty Images(NEW YORK) -- Sean Payton and the New Orleans Saints have agreed to a five-year extension, according to an ESPN source.

Payton has been suspended by the league for his role in the Saints bounty scandal, but was given permission to negotiate a new deal in November. A previous extension was rejected by the league becaue it contained language allowing Payton to get out of the deal if general manager Mickey Loomis was supsended or left the club.

Payton is 67-37 as head coach of the Saints, including a Super Bowl championship. 

The Saints sit at 7-8 going into the final week of the regular season, and will miss the playoffs for the first time since 2008. 

Copyright 2012 ABC News Radio

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