If all of the reports are accurate, Christmas may have come just a few days late for Saints fans. Reports out this evening indicate that the New Orleans Saints organization and Sean Payton have reached an agreement in their on-going contract negotiations.

FOX Sports' Jay Glazer has Tweeted that the New Orleans Saints and head coach Sean Payton have 'reached an agreement in principle' to a contract extension. Early reports suggest that the agreement would keep Payton in New Orleans for the next five seasons.

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Sean Payton is currently sitting out a one-year suspension due to his involvement in the alleged "Bounty Scandal" involving the New Orleans Saints organization.  We will have more details on this developing story as soon as they become available to us.

[via ESPN 1420]