Saints fans shouldn’t panic over reports of Sean Payton contract extension being voided

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January 1, 2012; New Orleans, LA, USA; New Orleans Saints head coach Sean Payton during their game against the Carolina Panthers at the Mercedes-Benz Superdome. Mandatory Credit: Chuck Cook-US PRESSWIRE

For fans of the New Orleans Saints the offseason and regular season of 2012 has brought nothing but peaks and valleys of optimism and then gloom.  Sunday morning brought another valley to trudge through.

ESPN’s Adam Schefter reported that suspended head coach Sean Payton’s contract extension was allegedly voided by the NFL due to several discrepancies contained within the contract itself.

One that was cited was,

"…one specific clause that would have enabled Payton to walk away from the deal if general manager Mickey Loomis was suspended, fired or left the New Orleans organization."

Of course it was a coincidence that due to the bounty investigation, general manager Mickey Loomis was in fact suspended for eight games of the regular season.

The NFL could construe such a clause in a contract to be a “golden parachute” meaning that if they know something is coming then they could work the contract that way.

Translation being that it is almost like insider trading where you are aware that a certain stock will rise or fall due to an inside source therefore you are able to move your money accordingly to avoid a loss.

But if the NFL thinks that this was the case, then they are really sadly mistaken.  The Saints organization clearly didn’t know that such punishments would be this extreme or reach such unprecedented levels that Payton or the club would give him an out of that nature in the contract.

The report cites several sources and of course “speculation” that Payton will be a “free agent” and that he will be a sought after head coach which if the report is accurate, that certainly “could” be the case.

However, there is no need to panic for Saints faithful because frankly I’ll go all out and say Payton isn’t going nowhere.  Even if he were to be a “free agent”, owner Tom Benson knows what Payton means to the organization as well as the city itself and will pay him accordingly.