Please keep in mind his present contract is not over because he was suspended for a season... Suspended players contracts get "tolled" to cover for the suspended period.

"Payton and the Saints agreed to the extension in September of 2011, but the league voided the deal due to a clause that would have enabled Payton to walk away from the agreement if GM Mickey Loomis were suspended, fired or left the organization. There was some speculation that the 2012 season in Payton's deal could "toll," which means it wouldn't count against the deal and Payton could be under contract for 2013. ESPN's Adam Schefter stated adamantly, though, that won't be the case. "Short of a contract extension," Schefter reported on Sunday Countdown, "Payton will become a coaching free agent in 2013, no matter what other people are saying.""
Saints Offense - New Orleans Saints - 2012 Player Profile - Rotoworld.com


Since when do we trust ESPN?????

Michael Lombardi on NFL.com also said he and many others in the NFL believe that the contract could be tolled and pushed back....really I don't believe anyone in the media about this situation. This was voided in MArch but somehow they JUST now find out and announce it like its breaking news....whatever...