It was reported yesterday that although Payton is suspended, there can still be communication with the club in regards to a new contract. It just seems unlikely to happen soon since Loomis has just returned and Payton isn’t at the facility at all.
If the contract negotiation continues until the next year, then be prepared for more stories about Payton being a “free agent” and heading to Dallas, Philadelphia, etc., etc. But if Loomis can keep Brees in New Orleans it’s a good bet that Payton will stay.
Just don’t expect too much insight from the Saints organization on the details. When interim head coach Joe Vitt was asked he said,
"“We are in the business of winning football games, not spreading gossip.”"