I also believe this is just Payton using the Cowboys to up the ante on his payday. As long as the Saints owner is willing to come even close to what another team is offering, they keep him I'm sure (doubt it even gets to that stage though - just the threat of competition will surely get the Saints to increase his cash flow.)
Our only hope is that the Saints are cheapskates and won't come near what Jerry would offer him. Of course, Jerry being Jerry, he might not even be truly considering bringing Payton back and is still happily aboard the Garrett train.
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