The Denver Broncos and New Orleans Saints have reached an agreement on compensation for Sean Payton, according to sources.

The Saints will receive the Broncos' 2023 first-round pick (No. 30 overall) and their 2024 second-round pick for Payton and the Saints' 2024 third-round selection, sources said.

The deal clears the way for Payton to become the next coach of the Broncos.