The Saints and head coach Sean Payton have agreed to a five-year extension, according to Jay Glazer of FOX Sports (on Twitter). Prior to the new deal, Payton was in Year Four of a five-year, $45MM deal. 
The financial terms of the new deal are not yet known, but it’s likely that Payton has received a bump over his previous $9MM/year salary. The 55-year-old coach will now be tied to the Saints past the age of 60, lining him up to retire in New Orleans.
In recent years, several teams have made overtures towards Payton, including the Cowboys, where Payton previously cut his teeth. As the Saints’ head coach, Payton has coached his way to a 119-74 overall record, including one Super Bowl ring.
This year, he’s aiming for more jewelry in his 13th season on the sidelines for the Saints.
Great Coach and getting a lot of paper to perform that job. Would be a surprise to see Drew Brees play for another 5 years do Peyton will need a good young QB unless they drafted one already.
I think that they will come to regret this extension.