Sean Payton Struck an extension agreement to Earn About $38m Annually As Broncos Coach

The Broncos hired Sean Payton, a former Saints coach, to take over the franchise, bringing in the biggest name in the NFL coaching cycle. Denver’s new ownership group put up the cash to finalize the deal in order to get him. Current cost: Sean Payton’s five-year deal with the Broncos is “in the neighborhood of” $18 million each year, according to Peter King of NBC Sports. With that salary, Payton would rank as the second-highest paid coach in all of American sports, not just the NFL. According to Forbes, only Bill Belichick earns more than the Patriots coach, who reportedly gets $20 million year.

Denver is shelling out a big sum of money to bring in a new head coach when you factor in the salary and the fact that the organization sent the Saints several first-round picks.

The first major move made by the Broncos’ new owners, Rob Walton and Greg Penner, was hiring Payton. Denver was purchased by the consortium, which sprang from the Walmart wealth, for a record $4.65 billion last summer. Current price: The Broncos are investing a lot of money on Payton and quarterback Russell Wilson, who will earn an average of just less than $50 million year over the next five years.